Working out your GST turnover - AR

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DRAFT TOPIC - DO NOT DISTRIBUTE

To be eligible for JobKeeper payments, your business needs to show a fall in GST turnover compared to the same period a year ago.

The required fall in GST turnover is:

30% for an aggregated turnover of $1 billion or less
50% for an aggregated turnover of more than $1 billion
15% for ACNC-registered charities other than universities and schools

For all the details on JobKeeper eligibility for businesses, visit the ATO website.

Working out a change in GST turnover

Use the XXX report to compare your current monthly or quarterly GST on sales with the same period a year ago. You can then use the calculator in the Single Touch Payroll reporting centre to determine the change in GST turnover.

Let's step you through it.

To work out a change in GST turnover

In AccountRight, run XXX? report.
Set filters?
Run report - show example values.
Run report again for same period last year - show example values.
Go to the STP reporting centre.
Enter values into calculator.

What's next?

If your business is eligible for JobKeeper payments, visit the ATO website to learn about enrolling for JobKeeper. Once you're enrolled, find out how to get set up and make JobKeeper payments in AccountRight.

Monthly JobKeeper declarations

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Working out your GST turnover - AR

Working out a change in GST turnover

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