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JobKeeper Enrolments Begin

JobKeeper Enrolments Begin

Enrolments for the JobKeeper payment have now begun, with the ATO issuing a number of guides for businesses to assist them through the process.

With over 850,000 businesses having expressed interest to register for the government’s $130 billion JobKeeper scheme, the ATO has now officially opened enrolments through Online services for agents and the business portal.

To help facilitate the enrolments, the ATO has now published three separate guides aimed at sole traders, employers who report through Single Touch Payroll (STP) and employers who do not report through STP.

Businesses that use STP-enabled payroll software that has been updated with JobKeeper functionality will now be able to identify eligible employees and update the ATO directly through their software.

Those who use STP-enabled payroll software that does not offer JobKeeper functionality will only be able to select prefilled employee details or manually enter employee details from 4 May.

Businesses that do not report through STP will be able to identify eligible employees by manually entering their tax file number and date of birth from 4 May.

While employers will only be required to identify employees once, each business will be required to make a monthly declaration, which will include a review of eligible employees.

The monthly declaration will also require information as to the current and projected GST turnover. The ATO notes, however, that this is not an eligibility retest, but rather an indication of how a business is progressing under the scheme.

You can access the ATO’s JobKeeper guides here:

Source: AccountantsDaily

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