JobKeeper 2.1   From 4 January 2021, businesses will need to re-assess their eligibility in order to claim JobKeeper for the period 4 January – 28 March 2021.

Until the calculations have been performed it is recommended that any JobKeeper top-up payments to employees for work performed from 4 January 2021 onwards are not made until you have confirmed eligibility. Businesses will have until 31 January 2021 to top up wages.

* Decline in turnover must be done for the October – December 2020 quarter compared to the same quarter in 2019.
* If you are registered for GST, decline in turnover must calculated using the same method you would report GST (ie Cash or Accrual).

Payment tier rates have now been reduced. Tier 1 ($1,000 fortnight) is for employees who average 80 hours work within a 28 day period. Tier 2 ($650 fortnight) is for employees who average under 80 hours within a 28 day period. The ATO have released further information in relation to this and the pay periods used to make the calculations. This can be found on the ATO JobKeeper page.

******** PLEASE NOTE
If you are a current client of Highfields Bookkeeping, eligibility calculations will automatically be performed on your behalf unless advised otherwise.

Can I register for JobKeeper if I haven’t previously?
Yes, even if you haven’t previously qualified for GST, if your turnover has declined to meet eligibility, you can register for JobKeeper 2.1.

Do I still have to report monthly?
If you are eligible for JobKeeper 2.1, monthly reporting is still required.

* For more information, please read the Fact Sheet or contact us to discuss.
 
Treasury – Covid-19

JobKeeper Payment Information

Decline in Turnover
 
 
If you have any queries in relation to this, or anything else, please feel free to contact me on 0421 288 187 or admin@highfieldsbookkeeping.com.au