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MJJ Accounting and Business Solutions MJJ Accounting and Business Solutions
REQUEST
A QUOTE
07 5451 1118
  • HOME
  • How we help
    • Accounting services
      • TAXATION AND COMPLIANCE
      • Effective tax planning
      • Know your cash flow
      • Superannuation
      • Financing
    • Business services
      • Structuring your business
      • Strategy and prevention
      • Managing your business
      • Growing your business
      • Retirement planning
    • SUPER & SMSF
    • BUILDING & CONSTRUCTION
      • QBCC SPECIALIST ACCOUNTANTS
    • OUR PACKAGES
      • FIX UP PACKAGE
      • OVERHAUL PACKAGE
      • ADVICE PACKAGE
      • ESSENTIALS PACKAGE
      • EXTRAS PACKAGE
      • PREMIUM PACKAGE
  • About us
    • Our story
    • Our team
    • Why choose us
  • Testimonials
  • Blog
    • Business Advice – Starting
    • Business Advice – Growing
    • Business Advice – Exiting
    • Compliance & Record Keeping
    • Wealth Creation & Strategy
    • Tax Tips
    • Local and Current Issues
    • Items of Interest
  • CONTACT
Blog
MJJ Accounting and Business Solutions / Compliance & Record Keeping / JobKeeper Update
May 01
JobKeeper Update

JobKeeper Update

  • May 1, 2020
  • Compliance & Record Keeping

Tips for completing the JobKeeper process

JobKeeper Update

To make sure you are on the right track with applying for the JobKeeper payment we recommend:

  1. Checking that you are enrolled correctly with the ATO.  We are seeing many clients have ‘registered their interest’ for the scheme (back many weeks ago) but unfortunately this does not mean you are enrolled. See how to correctly enrol here.  The enrolment is completed via your Business Portal.
  2. Keep a copy of your enrolment receipt once your application is processed, as you may need this later.
  3. Ensure you have put together a file showing how you assessed your eligibility and the workings and calculations on your projected turnover, the ATO have advised this is what you need to rely on in the event of a later review by them.
  4. If you have successfully enrolled for the JobKeeper payments you need to make sure that you have paid each eligible employee at least $1500 before tax per fortnight and double check your Single Touch Payroll (STP) is set up correctly. If you do not continue to pay your employees for each pay period, you will cease to qualify for the JobKeeper payment.
  5. From 4th May onwards you will need to make your monthly business declaration via the Business Portal.  This is an important next step to complete or you won’t receive payment from the ATO.

Alternative Turnover Tests

The government has announced there are alternative tests made available when the basic test is not satisfied or for fall in turnover for classes of entities where there is not an appropriate relevant comparison period. You can find circumstances where an alternative test applies here.

Situations where the Alternative Test may be adopted include businesses that have undergone restructure, newly acquired businesses or businesses with a substantial increase in turnover in the last 12 months.

We are finding these calculations very complex, so please get in touch if you need to engage us to work with you. We have tried to keep our clients updated as much as possible with this process, it is new to us all. If you have any further questions please don’t hesitate to contact us on 07 5451 1118.

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  • Could not speak more highly of the support we have received over the years from the team at MJJ. Special shout out to Renee who has been most supportive, professional, knowledgable and pro-active in taking care of our business and personal accounting needs. Thanks so much!

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  • We would highly recommend MJJ accountants. Melanie has always gone above and beyond for us. Her work is of an extremely high standard - she provides excellent advice, is diligent, efficient, helpful and full of integrity. Thank you Melanie for your amazing work.

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    August 26, 2019
  • Renee and the MJJ Accounting team have been awesome! As a business owner i was looking for an accountant who was more involved in my business and i love that MJJ have a proactive approach to accounting and providing genuine client care. I highly recommend them!

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    Aaron Crossin Avatar Aaron Crossin
    February 25, 2020
  • We were looking to move our accounting in a more technological direction and have found the team at MJJ to be spot on. Melanie has a genuine interest in our business needs and the direction we want to take the company. We have found Sam and the team to be very helpful and look forward to continued support.

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    B Paris Avatar B Paris
    January 29, 2020
  • The team at MJJ Accounting have been a lifesaver for our small business. Melissa always goes the extra mile to ensure we understand our options and is prompt in replying to our questions. I know our business is in good hands now!

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    Nikki Klimek Avatar Nikki Klimek
    June 27, 2019
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