Businesses that have enrolled for the JobKeeper Payment need to lodge their May JobKeeper Declaration with the Australian Taxation Office by the 14th June, so they can receive their payment for May. These can be lodged through the ATO business portal in the same way the April declaration was lodged. As your tax agent, we are also able to lodge these declarations on your behalf. If this declaration is not lodged, no further JobKeeper payments will be made by the ATO, even if you are on single touch payroll.
As part of the declaration process, you will need to report your actual turnover for May and forecast turnover for June. Your May actual should be your best estimate of actual GST inclusive turnover from your accounting software. Your June forecast should be your best estimate of turnover based on trade during the COVID-19 period and prior year June activity.
If you have experienced an increase in turnover in May, however have already qualified for JobKeeper through a 30% decline in turnover in March or April, you are still able to claim the JobKeeper Payment. You should lodge a claim for May.
If you had enrolled for the JobKeeper Payment on the basis of a forecast turnover decline that has not eventuated, we recommend you contact us to discuss the best way forward.
As always, if you have any questions in relation to JobKeeper, please contact Darren, Shaun or one of our team.