Jobkeeper Payments

The JobKeeper Extension Payment functions have been released into GovReports products. There are several changes to the scheme that employers need to be aware of, including changed eligibility tests.

JobKeeper eligibility relies on correct Single Touch Payroll (STP) data. What if information reported via STP is incorrect?

As Single Touch Payroll data (for most employers) is submitted via Standard Business Reporting (SBR) enabled software such as GovReports, or directly from STP enabled payroll software, errors must first be corrected either within the payroll or SBR software and then lodged again with the ATO.

The taxable payments annual report (TPAR) reports information to the ATO about payments made to contractors for services within certain industries.

If you have been reporting Single Touch Payroll (STP) to the ATO this financial year, you will need to make a finalisation declaration. This takes the place of employee payment summaries, which you no longer need to issue for payments reported through STP.