As you may be aware, Monday 20th April the ATO is accepting applications for the Jobkeeper program.

As this will be the first time I have had to apply for the program for my clients it is a learning curve for me too, please be patient as I work out the intricacies.

Sole traders, partnerships, trusts and companies may be entitled to the Jobkeeper payment.

Only one participant can claim the $1500 per entity, the entity may also be entitled to claim the Jobkeeper payment for its employees.

To be eligible:

  • You are an individual not employed by your entity
  • Actively engaged in your business as at 1st March 2020
  • are one of the following:
    • A sole trader,
    • a partner,
    • an adult beneficiary of the trust
    • a shareholder or director in the company.
  • As at 1st March 2020, your are both
    • Aged 16
    • an Australian resident (within the meaning of section 7 of the Social Security Act 1991), or a resident for income tax purposes and the holder of a special category (Subclass 444) visa.
  • are not receiving parental leave pay, dad and partner pay
  • are not receiving a workers compensation payment
  • are not an employee, other than casual for another entity
  • have given you a JobKeeper nomination notice, and not given another entity a JobKeeper nomination notice.

Eligible business entities

The entity is eligible if:

  • 30% decrease in turnover for March 2020 or an expected 30% decrease in turnover for April 2020 or the April May June quarter.
  • on March 1st 2020 you were carrying on a business in Australia.
  • as of the 12th March you had”
    • an ABN and it had lodged, on or before 12 March 2020, at least one of
      • a 2018–19 income tax return showing that it had an amount included in its assessable income in relation to it carrying on a business
      •  Or, an activity statement or GST return for any tax period that started after 1 July 2018 and ended before 12 March 2020 showing that it made a taxable, GST-free or input-taxed sale
      • Note: A discretion to give further time after 12 March 2020 may apply in limited circumstances. More information will be available soon.

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