JobKeeper Payments - Correct Payroll Setup

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Re: JobKeeper Payments - Correct Payroll Setup

Have a read of the examples on page 3 Regards Michael Wilson

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Re: JobKeeper Payments - Correct Payroll Setup

Thanks @Michaelwilson , I saw this earlier today.  I must admit, the wording of the following confused me.  I'm unsure what the "additional" income is referring to when the staff are permanent part-time and have already been stood down without pay.  I assumed it meant the difference in income between what they had previously been earning and the $750? Or is the "additional" income the $750 cause they are getting $0 in this scenario?  I can feel my brain cells dying......

 

"It is up to Zahrah whether she wants to pay superannuation on the additional income paid because of the JobKeeper Payment."

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Re: JobKeeper Payments - Correct Payroll Setup

It's an ambiguous quote indeed.  Maybe they could give us Zahrahs number

 

"It is up to Zahrah whether she wants to pay superannuation on the additional (?) income paid because of the JobKeeper Payment."

 

Why can't they say - the Employer must pay the 9.5% Super guarantee on the Jobkeeper payment, or there is NO super payable on the Jobkeeper portion??:?

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Re: JobKeeper Payments - Correct Payroll Setup

Hi All

 

You're all pretty much correct in that over $750 you pay super as per normal, under $750 you pay super on hours worked. No employer who qualifies (revenue drop) is going to have the money to pay super on the jobseeker top up amount to $750 so it's probably superfluous comment in the fact sheet example.

 

My question is... for an employee who works varied hours and less than $750, but receives the govt top up through jobkeeper, how do I set that up in their MYOB employee profile to automatically make the $750 when worked hours amounts vary? Or do I have to do it manually each week?

 

I hope the query makes sense, thanks

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Re: JobKeeper Payments - Correct Payroll Setup

Hi Mark

 

Makes total sense.  I would like to know the same.  

 

I would like to create a separate payroll category for JobKeeper payments so staff can see the payroll breakdown on their payslip.  For example, base hours worked and JK payment combined = $750.  I also don't want leave entitlements accruing on JK top-up payments.

 

It's all seems so hard and labour intensive!

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Re: JobKeeper Payments - Correct Payroll Setup

Morning all,

 

MYOB have created guides for the NZ subsidy and are in the process of doing the same for JobKeeper.  I have included links to the NZ version so you can get your head around what has been suggested for that scenario.  I imagine the Aus version will be similar in some aspects.

 

COVID-19 wage subsidy 

COVID-19 wage subsidy payments - Essentials 

 

Below is another thread on this.  If you subscribe to this thread (there is a subscribe button at the top right of screen), you should receive notifications for updates when posted.  

 

https://community.myob.com/t5/AccountRight-Staffing-and/Leave-Accruals-Jobkeeper-Subsidy/m-p/637920#...

 

Katrina

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Re: JobKeeper Payments - Correct Payroll Setup

Hello,

I have set up a separate payroll category called JobKeeper.

We won't have any super to pay, as our employee was already dropped to 0 hours/week. So have made this exempt from super.

The ATO category I selected was Gross Payments - is this correct?

Also, do they accrue annual & personal leave on the $750?

Thank you

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Re: JobKeeper Payments - Correct Payroll Setup

@PaddoAccounts @M_Moar @KatrinaF @markdavies1 @Shilolilo 

 

Hi Everyone

 

I just wanted to let you all know that our team are working on a detailed help article to assist you with recording the Jobkeeper payment in your software. In the meantime we do recommend checking these links for more information:

www.business.gov.au/jobkeeper payment 

www.treasury.gov.au/FactSheet 

 

 

Cheers,
Tracey
Previously @bungy15

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

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Re: JobKeeper Payments - Correct Payroll Setup

I do not beleive you pay Superannuation on the $750 payment.

Super is only required to be paid if you are paying the employee over the $750 received.

Therefore, if the employee is paid $1000, you are only required to pay super on the $250.

The whole payment is taxable.

You can make a new pay catergory for the $750 income so it is shown differently and have no super payable on that amount.

 

Cindy Barber BCom
MYOB Certified Consultant
Tax Agent # 2461 9925

Email: returns@toptaxonline.com.au
Skype: TopTaxOnline

Ph # 07 3040 2120
Mobile # 0412 331 280
Po Box 767
Earlville QLD 4870






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Re: JobKeeper Payments - Correct Payroll Setup

Hi Cindy,

 

I came across this in my quest for info.  I guess it just shows that the only thing we can be certain about is that we need to wait and see the legislation :-)

 

Have a good weekend,

Katrina

 

 

HIA JobKeeper info.png

 

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