There have been many Jobkeeper frequently asked questions from both clients and on social media asked around the Covid_19 payment package. I have highlighted some of the more frequent questions and their answers in this blog article below.
You calculate the GST turnover the way you are already registered to do so. Calculate the GST turnover as you are registered to do so for the Business Activity Statement.
See ATO community
No – Refer to Employers
You need a myGov ID to apply for JobKeeper – MyGov & RAM
Yes, register via your business portal, myGov account or ask your tax professional to register on your behalf.
The Australian Taxation Office has a template you can use – Employee Nomination Form
One period of comparison is sufficient to qualify for JobKeeper. If you qualified in March, but increase your turnover through May for example, you still qualify for Jobkeeper.
You can find more Frequently Asked Questions on this official Australian Taxation Office website
Quickbooks Online – How to setup and manage Jobkeeper
Amanda Hoffmann is a registered Tax Practitioner / BAS Agent No.18613005, Associate of Finance, Xero, Myob & Quickbooks Proadvisor / Trainer and a Consultant for the Australian Taxation Office.
She says she is more than just a bookkeeper with experience in real estate investing, social media, podcasting, blogging and recently recording monthly youtube episodes
Amanda loves to teach smart, easy online cloud solutions and fix messy bookkeeping. Follow her on social media and say “Hi”
BAS Agent and Bookkeeping