To receive the JobKeeper payment, your business must make a monthly declaration to the ATO. This is referred to as a business monthly declaration.
Here’s what is involved in making the declaration.
Note the deadline: The business monthly declaration must be lodged with the ATO by 14th of the month to claim JobKeeper payments for the previous month. For example, the declaration for May must be made by 14th June.
Before you make the declaration you will need to:
Work out your actual GST turnover for the current month.
Work out your projected GST turnover for the following month.
Make sure you have paid each eligible employee at least $1,500 (before tax) per JobKeeper fortnight.
Re-confirm your eligible employees and eligible business participant (if you have one). If your eligible employees have changed the ATO need to be notified of this.
Re-confirm your financial institution details for receiving the payments.
And remember, you can enrol for JobKeeper throughout the period from 30 March to 27 September. So, if you suddenly find turnover falls by 30% or more as a result of Covid-19 you may be eligible to claim JobKeeper. However, to claim the JobKeeper payment for a fortnight you must enrol before the end of that JobKeeper fortnight.