JobKeeper Payment for Self-Employed

A business may be eligible to receive the JobKeeper Payment if their turnover has been reduced because of the coronavirus. Following registration by the eligible business, the Government will provide $1,500 per fortnight per eligible employee until 27 September 2020.

The JobKeeper Payment is available to eligible employers, businesses including companies, partnerships, trusts and sole traders, not-for-profits and charities.

The intent of the JobKeeper Payment is to enable any eligible self-employed person to get a wage subsidy regardless of what business structure they use, where:

• The business operates through a sole trader structure – one owner can be nominated to receive the JobKeeper Payment
• The business operates through a partnership – one partner can be nominated to receive the JobKeeper Payment
• The business operates through a company – one director can be nominated to receive the JobKeeper Payment
• The business has shareholders who provide labour to the company and receive dividends in lieu of wages – one such shareholder can be nominated to receive the JobKeeper Payment
• The business operates through a trust – one individual beneficiary (that is, not a corporate beneficiary) can be nominated to receive the JobKeeper Payment

Contact Expert Tax on 0449 952 855 or 1300 869 829 for further assistance on tax related matters.