JobKeeper 2: Two thirds of employers who were in JobKeeper 1 not be eligible for JobKeeper 2
As the rules and legislation for JobKeeper 2 are very different to JobKeeper 1. I have included links to the ATO/Treasury information for you.
Nothing changes before the end of September. Declarations for September 2020 but be lodged with the ATO by 14 October 2020.
How Payments work.
New Payment Amounts
Points to Note:
If the entity was eligible for JK1 then they are eligible for JK2 but • Entity must now demonstrate a decline in “Current GST Turnover” for the September 2020 Quarter
Two thirds of employers who were in JobKeeper 1 not be eligible for JobKeeper 2
JK2 – GST Turnover is on the Same basis as the BAS
No need to re-enroll in JK 2 if you were in JK 1
No need to get new employee forms if they were in JK 1
Can claim for new employees IF they were eligible with a former employer. Need Eligibility form.
Sales of assets are included in GST turnover
Must notify employees of new rates