The Australian Government recently announced a $130 billion JobKeeper payment scheme to support businesses directly affected by COVID-19. The JobKeeper payment is open to eligible employers to enable them to pay eligible employees salary or wages of at least $1,500 (excluding tax) per fortnight. The ATO has now updated their website to include more information on JobKeeper, please read the eligibility criteria carefully to assess your eligibility. You would be required as a small business with less than 1 Billion in sales to show 30% drop in sales to be eligible. Strong record keeping is very important while receiving the job keeper payments
click on the hyperlinks below to be directed to the relevant information:
Information on eligible employers
Sole Traders and other entities
Sole Traders application processes guide
As a registered tax professional, MAR Advisory is able to enrol and apply for the JobKeeper payment on your behalf. If you would like MAR Advisory to navigate this process on your behalf, please contact your accountant via email today or alternatively send an email to info@maradvisory.com and we will forward your interest through to your accountant. Once you’ve registered your interest, we will send you an information gathering form to ensure we have the required information to enrol and apply on your behalf. Cost for enrolment on your behalf is $154 (GST inclusive) for each entity, and cost for lodgement of applications start at $220 (GST inclusive)
. Enrolment for the scheme commences on the 20th April 2020, and enrolments need to be in by 30th April 2020 for claims to be lodged in May. Therefore if you are interested, we ask that you act quickly so we can start the process ASAP. Attention - Sole Traders, Companies, Trusts and Partnerships The JobKeeper payment will be payable to self-employed persons falling in the below categories:
A sole trader;
Trust , where the beneficiaries of the trust are not employees registered under the JobKeeper program, one adult beneficiary of the trust;
For a company where the shareholders take dividends as opposed to wages, one Director/Shareholder;
For a Partnership, one adult partner.
If you have any queries regarding this, please do not hesitate to contact your accountant via email, or alternatively contact info@maradvisory.com and we will direct your enquiry to the relevant staff member. Yours sincerely, MAR Advisory
Chartered Accountants