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CHRISTMAS 23.12.20 - 18.01.21

Jobkeeper_Extensions_Update_Dec_2020

ATO Extends Jobkeeper Deadlines

JobKeeper deadlines for the second extension period have now been extended by the ATO ahead of the festive season.

Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 and 3 January 2021, has also been extended from the 14th of January to the 28th January 2021.

To account for the New Year weekend, the Tax Office will also allow employers to meet the wage condition for payments between 21 December and 3 January 2021 by 4 January 2021.

Contact the A Firm now for further information and assistance on getting everything ready for the deadline:

Nerang: (07) 5596 4604

Redland Bay: (07) 3829 0792

http://theafirm.com.au/


$1,000 Per Fortnight For Those On The Tier 1

From 4 January, the second extension period for JobKeeper will kick in, reducing payment rates to $1,000 per fortnight for those on the tier 1 rate and $650 per fortnight for those on tier 2.

Entities will be required to demonstrate that their actual GST turnover has declined by the requisite shortfall for the December 2020 quarter, with the ATO to make the new decline in turnover form available on its systems from 4 January.

New employers enrolling for the first time, and existing employers, will be required to submit the decline in turnover form by 31 January.

Employers will also be given until 31 January 2021 to meet the wage condition for fortnights starting on 4 January and 18 January 2021.

Source: https://www.accountantsdaily.com.au/tax-compliance/15123

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