JobKeeper Update - additional timeframe to lodge and payments required by 30th April 2020

We hope this blog finds you safe and well.

Please note that the Commissioner of Taxation has extended the time to enrol for the initial JobKeeper periods from 30th April 2020 until 31st May 2020.

If you enrol by 31st May, you will still be able to claim for the fortnights in April and May provided you meet all the eligibility requirements for each of those fortnights. This includes having paid your employees by the appropriate date for each fortnight.

For the first two fortnights (30th March – 12th April / 13th April – 26th April), the Commissioner will accept the minimum $1,500 payment for each fortnight that has been paid by you, even if it has been paid late, provided it is paid by you by the end of April.

We bring to your attention - you need to have paid eligible employees a gross amount of $3,000 before the end of April 2020 to receive the JobKeeper for April 2020.

Please feel free to reach out to any of the team should you have any questions whatsoever. We are here to help.

Kind regards and KBO!

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Corinne Kirk (Partner and Senior Accountant) and Ben Wieland (Partner and Senior Financial Adviser).

This is general advice and does not consider your particular circumstances. You should seek advice from EGU Accounting and Taxation and EGU Wealth Management who can consider if the general advice is right for you.