Tag: Key Dates

Key Dates for September & October 2020

Many key dates are looming for business including those relating to Activity Statements, GST, Superannuation, Income Tax Returns, and more…   

21 September – August monthly Activity Statements – due for lodgement and payment 
30 September – Annual TFN Withholding Report for closely-held Trusts where a Trustee has been required to withhold amounts from payments to beneficiaries during 2019/2020 – due date for lodgement 

21 October – September monthly Activity Statements – due for lodgement and payment 
28 October – Final date for eligible quarterly GST reporters to elect to report GST annually 
28 October – Due date for Superannuation Guarantee contributions for July-September to be made to employee funds 
31 October – PAYG Withholding Where ABN Not Quoted – Annual Report – due date for lodgement. These amounts are also reported at W4 on your Activity Statement 
31 October – Due date for 2019/2020 individual tax returns (unless you are lodging via a Tax Agent and are on their lodgment list by this date) 

Where the due date falls on a weekend or public holiday, it is deferred until the next business day (except in the case of Superannuation Guarantee deadlines). 

JobKeeper Key Dates

Key dates  

31 August 2020 – wage condition for new employees 

For the fortnights commencing on 3 August 2020 and 17 August 2020, we are allowing employers until 31 August 2020 to meet the wage condition for all new eligible employees included in the Jobkeeper scheme under the 1 July eligibility test. 

31 August 2020 – enrolments close for August fortnights 

To claim JobKeeper payments for the August JobKeeper fortnights, including for new eligible employees included in the Jobkeeper scheme under the 1 July eligibility test, you must enrol for JobKeeper by 31 August. 

21 July 2020 – extension of the JobKeeper Payment program 

The government has announced proposed changes to the JobKeeper Payment program including: 

  • an extension of the program to 28 March 2021 
  • turnover tests to determine eligibility 
  • tiered payments for eligible staff   
    • from 28 September to 3 January 2021 and 
    • from 4 January to 28 March 2021. 

These proposed changes will not impact JobKeeper Payments until after 28 September 2020. 

For more information, visit the Treasury website and read JobKeeper extensionExternal Link

20 July 2020 – changes for child care providers 

The rule changes relating to JobKeeper payments for child care providers have now been confirmed. 

Eligibility for JobKeeper payments will stop from 20 July for: 

  • employees of an approved provider of child care services where the employee’s ordinary duties are that they are principally engaged in the operation of the child care centre 
  • eligible business participants where the business entity is an approved provider of a child care service. 

Childcare providers need to make sure that they do not claim JobKeeper for employees and eligible business participants who are no longer eligible. You will not be reimbursed for payments made after JobKeeper Fortnight 8 (6 July to 19 July). 

There are some steps you will need to take to stop receiving JobKeeper payments for your ineligible employees and business participants. More information is available in the ATO JobKeeper guides

Full ATO article here https://www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-key-dates/