Jobkeeper/Jobseeker and Other Government COVID-19 Responses

[Pushka]

Bare in mind that while Jobkeeper is fornightly that people are paid weekly, fortnightly, monthly and quarterly. So there needs to be some allowance for this.

I'm thinking the Government thought FN would cover all bases and reconcile frequency through STP. I did hear monthly payments may prove problematic.

 

[Flying mermaid]

I'm waiting for info for sole traders, its all a bit murky to me at the moment. Particularly the qualification period. My business is down 40% so far this year

Have you read this page?

COVID-19 government assistance for business | business.gov.au

Find government financial assistance and support for your business.

www.business.gov.au

 

[blackcat20]

Have you read this page?

COVID-19 government assistance for business | business.gov.au

Find government financial assistance and support for your business.

www.business.gov.au

No I hadn't seen that, thank you. Not eligible it seems.

 

[nutwood]

Sole traders and self employed still seems a bit vague. One thing my accountant picked up on is that there's apparently a limit of one self employed person in a household (self employed in the same business). Seems a bit rough on husband and wife businesses. Both work in the business, both rely on the business for income but only one can claim.
I've often noted that Government struggles with the concept of self employed. Honest people have a job and work for a company...

 

[Pushka]

Sole traders and self employed still seems a bit vague. One thing my accountant picked up on is that there's apparently a limit of one self employed person in a household (self employed in the same business). Seems a bit rough on husband and wife businesses. Both work in the business, both rely on the business for income but only one can claim.
I've often noted that Government struggles with the concept of self employed. Honest people have a job and work for a company...

Is that two people who are registered as PAYG employees in a Pty Ltd?

 

[serfty]

Is that two people who are registered as PAYG employees in a Pty Ltd?

It's pretty clear, one business with no PAYGW can get one allowance.

 

[Pushka]

It's pretty clear, one business with no PAYGW can get one allowance.

Not clear to me. We are structured as a PTY LTD, 3 employees, two of which are directors and one other employee, tax is deducted each pay from everyone. Can we all claim Job Keeper?

 

[Freq Flier 2013]

It will be interesting with the new payroll codes on how it will work with weekly and monthly payrolls. Keep in mind that Xero has not really released anything proper. While Myob recommendation is a very long read and complicated. Fun times ahead for payroll processing with very tight deadlines.

 

[Denali]

Yeah. Hopefully some leeway for the April 30 deadline.

With June 30th around the corner, tight deadlines to get the transactions coded correctly for EOY returns.

 

[Hillbilly64]

Not clear to me. We are structured as a PTY LTD, 3 employees, two of which are directors and one other employee, tax is deducted each pay from everyone. Can we all claim Job Keeper?

We are at PTy LTD (one director) as trustee for a trust .(two beneficiary, 4 employees).. My accountant told me yesterday that one beneficiary of the trust is eligible for the payment.

Does anyone know how we show the job keeper payment while employees are working? I.e. I am using it to subside with wages for some staff...so it still attracts normal leave accurals and super.

 

[Denali]

We are at PTy LTD (one director) as trustee for a trust .(two beneficiary, 4 employees).. My accountant told me yesterday that one beneficiary of the trust is eligible for the payment.

Does anyone know how we show the job keeper payment while employees are working? I.e. I am using it to subside with wages for some staff...so it still attracts normal leave accurals and super.

Jobseeker payments, inc top ups, are to be processed as an allowance so to be captured by the ATO. Very specific wording in allowance set up or employer won't be paid.

This is yesterday's webinar I attended.

 

[serfty]

It's pretty clear, one business with no PAYGW can get one allowance.

Not clear to me. We are structured as a PTY LTD, 3 employees, two of which are directors and one other employee, tax is deducted each pay from everyone. Can we all claim Job Keeper?

To Me, it is clear .. if employed under PAYGW on March 1st there is eligibility but that is not relevant to my comment on a business with no PAYGW:

...
Business owners actively engaged in their business
Other businesses in the form of a company, trust or partnership can also qualify for JobKeeper payments where a business owner (a shareholder, adult beneficiary or partner) is actively engaged in the business, or a director is actively engaged in the business. This is limited to one entitlement for each entity even if there are multiple business owners or participants. We will provide more information soon about the eligibility of these businesses for the JobKeeper payment. ...

Eligible employers

If you meet the eligibility criteria and want to start claiming the JobKeeper payment on behalf of your employees, you need to start paying them at least $1,500 per fortnight (before tax) and continue to pay them salary and wages for as long as you keep claiming.

www.ato.gov.au

¶ although I have been wrong before ... this is not tax advice

 

[Denali]

From SAGE Micropay last night plus there is also a 11 page document linked with print screens on what to do in your software.

If anyone wants me to email them the 11 page PDF for a read or reference, PM me but note, this is for SAGE Micropay specific and as at last night/subject to change.







Again, this is SAGE MICROPAY but at this time, JOBKEEPER is reportable on the EOY Payment Summary/Income Statement as an Other After Tax Allowance

But hmmmm, JobKeeper is a after tax allowance BUT Jobkeeper-TOPUP is taxable (so a before tax allowance for correct coding?)

 

[Pushka]

Jobseeker payments, inc top ups, are to be processed as an allowance so to be captured by the ATO. Very specific wording in allowance set up or employer won't be paid.

This is yesterday's webinar I attended.

That webinar was really good but shame the moderator kept asking obscure questions and putting the main presenter off his line of thought a few times.

 

[serfty]

We use "Payroller" free software and they have locked their description down - Users have no ability to vary the text.

 

[Pushka]

We use "Payroller" free software and they have locked their description down - Users have no ability to vary the text.

View attachment 215082

That's much better than what MYOB are doing unless they release a patch. Needs to be done soon though! And accountant has confirmed we are both eligible to claim. Sons work have sent him the paperwork although as they were expanding and had put on a whole lot of people in last few months, their pathway is less clear and will need consideration.

 

[Denali]

Another flyer in my email today from EnableHR

 

[Hillbilly64]

Jobseeker payments, inc top ups, are to be processed as an allowance so to be captured by the ATO. Very specific wording in allowance set up or employer won't be paid.

This is yesterday's webinar I attended.

I hope xero sorts it soon then .I already have 3 pay runs I'm going to have to redo.

 

[kyle]

Does anyone know how JobKeeper interact with CoINVEST (portable long service leave in VIC)?

If an employee goes on LSL and gets paid by CoINVEST and not by the employer, does that mean it fails the wage payment criteria of JobKeeper?

 

[serfty]

I doesn't give the actual day of the month, but JobKeeper will be paid monthly - the amount varies in one month to reflect an extra fortnight.

www.ato.gov.au/general/jobkeeper-payment/employers/your-eligible-employees/amount-of-jobkeeper-payment/

Example of amounts paid to employers

Payment date	Amount per employee
May	$3,000 (for fortnights starting 30 March and 13 April)
June	$3,000 (for fortnights starting 27 April and 11 May)
July	$3,000 (for fortnights starting 25 May and 8 June)
August	$3,000 (for fortnights starting 22 June and 6 July)
September	$4,500 (for fortnights starting 20 July, 3 August and 17 August)
October	$3,000 (for fortnights starting 31 August and 14 September)