What report do I run for the GST turnover required by ATO for the Jobkeeper? We are a P&C and are n
Kristen_9983120
Member Posts: 6 ✭
Wanting to ensure I have reported the correct figures to the ATO and at the moment we do not have an accountant to ask this question of. We a re a school P&C and my background on accounting is very basic. We arent registered for GST, so when I try to run the report I think I should be using it isnt pulling any data. Any help would be greatly appreciated!!
0
Comments
-
The figure they'll want is your sales figure. Have a look at the profit and loss report.1
-
Thanks Tanya, so the figure from that report would be the Net Position for the period we are claiming jobkeeper? There is so much information out there I have completely confused myself.0
-
Hi Kristen.
Sorry about the impacts this Covid thing is having on our community. In repsect of your school P&C committee, you do not need to be registered for GST. The GST turnover the ATO quote is defined here :
https://www.ato.gov.au/General/JobKeeper-Payment/In-detail/Applying-the-turnover-test/?anchor=Basictest#Basictest
In summary, as Tanya says, run the "P&L report" for this period, versus the corresponsing period - and this should be sufficent evidence your association has suffered a reduction in income due to the covid impacts.
0 -
Hi Kristen
Print off your Profit and loss making it only for the month of April.
Your Turnover figure is the Income figure for the month.
Then you need to estimate what your turnover will be for the next month.
Hope this simplifies the explanation for you.
0
Categories
- All Categories
- 6.8K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.2K Reckon Payroll 🚀
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 18 📢 Reckon Payroll - Announcements
- 3.1K Reckon One
- 7 📢 Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 114 Reckon API
- 830 Payroll Premier
- 325 Point of Sale
- 1.9K Personal Plus and Home & Business
- 73 About Reckon Community