21 Oct 2020
The Government has extended the JobKeeper Payment by a further six months until March 2021. Support will be targeted to businesses and not-for-profits which continue to be significantly impacted by the Coronavirus Pandemic.
The payment amount has changed and there is now a tiered-rate approach dependent on the hours an employee works with an organisation, rather than the previous flat rate amount. Please refer to the ATO’s website for more information.
CloudPayroll has created several great tools to support clients by ensuring the processing of JobKeeper payments is quick and easy.
How can CloudPayroll help process JobKeeper payments?
- Our report suite of 50+ reports includes a JobKeeper report to assist when calculating the average hours worked by your employees in the required reference period e.g. more than 80 hours or less than 80 hours.
- You can seamlessly notify the ATO of your eligible employee’s tier rates. Tier 1 and Tier 2 are available as standard pay elements, meaning this information is automatically reported to the ATO via STP.
- Our Top-up tool allows you enter the payment amount e.g. $1200 (>80 hours/Tier 1 for Quarter 3) or $750 (<80 hours/Tier 2 for Quarter 3) and calculate the difference between what is being paid, compared to the JobKeeper payment amount. The difference is then added to the open pay run. This will reduce payroll administration for your business.
Get in touch with us today to find out which of our payroll options suits your needs. You can reach us at email@example.com, or give us a call (contact numbers below), or sign up for a free demo today to experience how CloudPayroll can benefit your business.