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 help work out any change in your GST turnover.

Let's step you through it.

To work out a change in GST turnover

In AccountRight, run the <XXX? report>.
<Set filters?>
Run the report and take note of <???>. You might want to print the report for your records.
<insert pic showing example values>
Run report again for the same period last year to obtain the comparison values. You might want to print this report too for your records.
<insert pic showing example values>
Use the calculator in the Payrollreporting centre to determine your change in GST turnover.
Go to the Payroll command centre and click Payroll Reporting.
Click Payroll Reporting Centre.
Click the JobKeeper payment extension tab <confirm tab name>.
Enter values notes from your <???> reports and click Calculate. Here's an example showing a 46% decline in turnover.
<check if pic needs updating>

What's next?

If you believe 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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