Who the JobKeeper payment is for?
Late March, the Federal Government announced the JobKeeper initiative to help keep more Australians in their jobs.
Through this initiative, eligible employers will be able to opt in to receive $1,500 per employee, per fortnight, to help them retain their staff.
Importantly, it has been announced that this initiative will also be available to the self-employed (i.e. sole traders).
How sole traders can access the JobKeeper payment
Follow these simple steps:
Preparation: Confirm your eligibility - read the eligibility criteria here
Step 1: Complete enrolment - read our step by step enrolment guide here
Step 2: Confirm yourself as the eligible business participant - see instructions to do so here
Step 3 : Confirm your current and projected income - you'll need use the GST turnover method to do so, which you can read about here
Ongoing: Complete business monthly declarations - what you need to do to continue receiving the payments is outlined here
If you have any additional questions about your JobKeeper enrolment you can:
- Get in touch with our support crew at firstname.lastname@example.org
- Book a 10 minute Airtax chat, if you have an Airtax account
- Visit the ATO’s JobKeeper guide for sole traders
This document merely provides a broad outline of the subject and is necessarily general in nature. If you require specific advice, which is tailored to your specific circumstances, please do not hesitate to contact us (fees would apply).