Monthly reporting for JobKeeper Payments

June 3, 2020 By OBT Financial Group Gatton

JobKeeper payment subsidy

If you’ve enrolled for the JobKeeper Payment and identified your eligible employees, you need to make a business monthly declaration to the ATO.

You will be able to do this from the 1st to the 14th day of each month, to receive reimbursements for the payments you have made to your employees in the previous month.

As part of this declaration, you need to:

ensure you’ve paid your eligible employees at least $1,500 (before tax) in each JobKeeper fortnight you’re claiming for.
reconfirm your eligible employees and your contact and financial details.
provide information on your current and projected GST turnover, this isn’t a retest of your eligibility – it will indicate how your business is progressing.

If your eligible employees change or leave your employment, you need to notify the ATO through this monthly declaration so your JobKeeper payments can be adjusted.

To lodge your business monthly declaration:

log into the business portal using myGov ID, or ATO online services through myGov if you’re a sole trader.
complete this step each month you want to claim payments until the end of the program.

OBT can assist with the enrolment and application process or you can apply via the Business Portal.

Read more or call our friendly team in Gatton on 07 5462 2277.

JobKeeper Payment

Source: Monthly reporting for JobKeeper Payments (2020). Available at: https://www.ato.gov.au/Newsroom/smallbusiness/Employers/Monthly-reporting-for-JobKeeper-Payments/ (27 May 2020).

Because of the in-depth way in which we work with business owners, we only take on a select number of clients allowing us to concentrate on the following six business conditions:

Increasing your profitability
Improving your cash flow
Focusing on growth
Protecting both personal and business assets
Preparing your business for succession or sale, and
Wealth creation for your retirement

Call us to see how OBT Financial Group can help your business. Or, to find out more about how OBT helps businesses, read our client case studies and our client testimonials.

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Information we are required to Disclose to You as a Tax Agent and BAS Agent

Our work for you is performed in accordance with the Tax Agent Services Act 2009. Under this Act, the Tax Agent Services (Code of Professional Conduct) Determination 2024 requires that we make the following disclosures to you:

Matters that could significantly influence your decision to engage us (or continue to engage us) for a Tax Agent Service from 1 July 2025 onward include the following:
- None Applicable
The Tax Practitioner’s Board maintains a register of Tax Agents and BAS Agents. You can access and search this register here:
https://www.tpb.gov.au/public-register
If you have a complaint about our Tax Agent and/or BAS Agent services, you will need to contact your Accountant in the first instance with details by email. If they are unable to resolve your complaint within 3 business days, please email Brett Garmeister (Director). Your complaint will be investigated by Brett or a staff member who is not involved in the subject matter of the dispute where possible. We will provide you with email acknowledgement of receipt of your complaint and our understanding of the circumstances. The email will inform you that we will attempt to resolve your complaint within 14 days and will outline the dispute resolution process. If you are unhappy with the outcome that we propose to you, you can then make a complaint to the Tax Practitioners Board (TPB) using the link listed above. The TPB will send you an email to acknowledge the receipt of your complaint and review and risk assess your complaint. If you are unhappy with how the TPB has dealt with your complaint, the above link includes details about your review rights and who can further assist you.

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