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Are you registered for JobKeeper payments

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The ATO has extended the time to enrol for the initial JobKeeper payment to until 31 May 2020.

 

Employers / Sole Traders
The JobKeeper payment is open to eligible employers, sole traders and other entities to enable them to pay their eligible employee’s salary or wages of at least $1,500 (before tax) per fortnight.

You can enrol for the JobKeeper payment through the ATO’s Business Portal, in ATO online services using myGov if you are a sole trader, or through our team at STS Accounting Group if you are a company, partnership or other entity, or a sole trader who needs assistance.

Eligible employers will be reimbursed a fixed amount of $1,500 per fortnight for each eligible employee.

Employers need to pay all eligible employees a minimum of $1,500 (before tax) per fortnight to claim the JobKeeper payment. The payments are paid to the employer in arrears each month by the ATO. The first payments to eligible employers will commence in the first week of May 2020.

JobKeeper payments can be made for the period beginning 30 March 2020. If employers do not continue to pay their employees for each pay period, they will cease to qualify for the JobKeeper payment.

To be eligible for the JobKeeper payment, employers and their employees must meet a range of criteria.


Employees
Your employer will notify you if they intend to claim the JobKeeper fortnightly payment of $1,500 on your behalf.
You will not be paid the JobKeeper payment by the ATO. The payment comes from your employer who is later reimbursed by the ATO.
Tax will be withheld from the payment so you may receive less than $1,500 in your bank account.

 

Eligibility
Visit www.ato.gov.au to read more on the criteria for the JobKeeper payment or contact us to discuss your eligibility.

 

Act Now
Being strategic with your finances is crucial at this uncertain time.
Please make time to call one of our expert STS accountants – just one conversation can change your financial position.

 

Call STS Accounting Group today:
Torquay (03) 5261 2262
Winchelsea (03) 5267 2673