14 Apr JobKeeper and Xero Payroll: How they’ll make it simpler for you
Xero Payroll will be enhanced this month to make processing JobKeeper payments simpler
Due to the COVID-19 pandemic, legislation was passed by the Australian Government on 8 April 2020 for the JobKeeper Payment. With this, it’s been reported around 6 million workers will receive a fortnightly payment of $1,500 (before tax) through their employer.
With the passing of this legislation, revealed are mandatory reporting obligations placed onto the employer as frequent as every fortnight. This includes reporting to the ATO additional information on the employees and also the turnover of the employer.
Xero has acted swiftly to enhance their payroll system to make processing JobKeeper payments simpler and let you focus on your business.
Click on the link below to read more:
For any questions you may have about accounting, tax or business matters, please feel free to contact us.
We are experiencing a large number of enquiries, but have all our team on board to support you through this period.
Stay safe, keep well.