Self Employed Jobkeeper Eligibility, The Federal Government Of Australia Wage Subsidy Scheme Job Keeper Allowance 30 March 2020 Rostron Carlyle Rojas Lawyers

This summary is for self employed individuals that run a business.

Government whip definition. My company has had its income reduced by about 90 and fits all other eligibility requirements. Speaking exclusively at mybusiness week ato deputy commissioner for small business kirsten fish said that like businesses with employees self employed workers also have an. The jobkeeper payment is a scheme to support businesses and not for profit organisations significantly affected by covid 19 to help keep more australians in jobs.

The system is designed around jobkeeper fortnights. If there are additional checks required or any errors made on your form it may take some additional time for us to resolve. From 30 march 2020 eligible sole traders and self employed people that operate via a partnership trust or company can claim 1500 per fortnight for 6 months ending 27 september 2020 with the first payments being made in the first week of may.

Employers may be eligible for the jobkeeper payment scheme if all the following apply. The first fortnight starts on 30 march 2020 with the final fortnight ending on 27 september 2020. Our part 1 summary was for employees of business entities.

The jobkeeper payment is administered by the australian taxation office ato. Determine the payment rate you are eligible to claim for each of your eligible employees. The australian government has introduced the jobkeeper subsidy to enable coronavirus effected businesses to bounce back after the crisis.

You employed at least one eligible employee during the jobkeeper fortnight you are applying for. The jobkeeper payment will be available to eligible businesses including the self employed and not for profits until 28 march 2021. Self employed persons who meet the income test.

There are 5 key steps for this aspect of jobkeeper. To be eligible to receive the payment you need to be between the age of 22 and pension age meet residence rules and pass the income test. Provided they meet the eligibility criteria see below sole traders will receive 1500 per fortnight before tax per eligible employee which can also include themselves if they are self employed.

You must pay your eligible employees at least the jobkeeper amount in the jobkeeper fortnight to claim the jobkeeper payment for that fortnight. This includes employees who are stood down or re hired. I am self employed director but only pay myself a small fortnightly wage through my company trust set up and i have a permanent part time job elsewhere where i currently claim the tax free threshold.

After this you should receive jobkeeper payments within five business days. Thinking about self managed super.