COVID-19 Relief Measures Update

Jobkeeper monthly declarations

If you’ve enrolled for the JobKeeper Payment and identified your eligible employees you still need to make a monthly declaration to the ATO by the 14th day of each month.

As part of the declaration you will 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 to us how your business is progressing.

For more information refer to the ATO website

Cash flow boosts

The second round of cash flow boosts are set to commence when you lodge your activity statements from June 2020.

The amounts will be equal to the total amount of initial cash flow boosts you received and will be split evenly over your lodgments. If you lodge:

  • quarterly, you’ll receive 50% of your total initial cash flow boost for each activity statement
  • monthly, you’ll receive 25% of your total initial cash flow boost for each activity statement.

When you lodge your June 2020 activity statement, you may receive the last part of your initial cash flow boost and the first additional cash flow boost as a credit.

You can find more information here.