The Australian Government has introduced the JobKeeper scheme to assist businesses affected by the Coronavirus. Below we have information for both employers, along with Sole Trades and other businesses which do not have employees.
We request that you carefully review the information provided below (and within the links) and if eligible follow the enrolment steps below. If you are having trouble identifying if you are eligible, think that you may be boarder-line, anticipate to be eligible in the near future or having trouble enrolling please contact your trusted advisor at our office for assistance.
We can assist with your enrolment into the JobKeeper Scheme for $250 + GST.
Please see below information for you to read in relation to the JobKeeper Payment scheme.
JobKeeper Payment – Employers
If your business is affected by the coronavirus, you may be eligible to access the JobKeeper payment to assist you to be able to continue paying your employees. Employers can choose to participate in the scheme and then nominate the employees they are entitled to claim for. An employer can choose not to participate in the JobKeeper payment.
For more information and eligibility criteria please follow this link.
JobKeeper Payment – Sole Traders and Other Entities
Sole traders and some other entities (such as partnerships, trusts or companies) may be entitled to the JobKeeper Payment scheme under the business participation entitlement. However, not-for-profit organisations are not included unless the organisation pursued their objectives principally in Australia.
Your entity may be eligible for the JobKeeper Payment scheme if you:
- have a non-employee individual who is actively engaged in the operation of the business – we refer to this individual as the eligible business participant
- meet the other relevant eligibility requirements.
A limit applies of one $1,500 JobKeeper payment per fortnight for one eligible business participant. If your entity also has employees, you may also be able to claim additional JobKeeper payments of $1,500 per fortnight per eligible employee. The entity, not the eligible business participant, receives the JobKeeper payment. The exception is a sole trader, who is both the business entity and an eligible business participant, and so receives the JobKeeper payment themselves.
Further information is also available from NTAA – The JobKeeper Payment Scheme
Please ensure you read the eligibility criteria and if you are eligible for the JobKeeper Payment the following steps are to be taken to register:
Enrol for the JobKeeper Payment
(From Monday 20 April 2020 Onwards)
- Register your interest and subscribe for JobKeeper payment
- Check you and your employees meet the eligibility requirements.
- Continue to pay at least $1,500 to each eligible employee per JobKeeper fortnight (the first JobKeeper fortnight is the period from 30 March to 12 April).
- Notify your eligible employees that you are intending to claim the JobKeeper payment on their behalf and check they aren’t claiming JobKeeper payment through another employer or have nominated through another business.
- Send the JobKeeper employee nomination notice to your nominated employees to complete and return to you by the end of April if you plan to claim JobKeeper payment for April. Keep it on file and provide a copy to McFillin & Partners.
- From 20 April 2020, you can enrol with the Australian Taxation Office (ATO) for the JobKeeper payment using the Business Portal and authenticate with myGovID. You must do this by the end of April to claim JobKeeper payments for April.
- In the online form, provide your bank details and indicate if you are claiming an entitlement based on business participation, for example if you are a sole trader.
- Specify the estimated number of employees who will be eligible for the first JobKeeper fortnight (30 March – 12 April) and the second JobKeeper fortnight (13 April – 26 April).
Confirmation of eligible employees
(available from Monday 4 May 2020 onwards)
You can apply for the JobKeeper payment for your eligible employees:
- Apply to claim the JobKeeper payment by logging in to the ATO Business Portal. (to register for the ATO Business Portal see here)
- Ensure you have paid each eligible employee a minimum of $1,500 per JobKeeper fortnight before tax.
- Identify your eligible employees in the application form by
- selecting employee details that are prefilled from your STP pay reports if you report payroll information through an STP enabled payroll solution, or
- manually entering employee details in ATO online services or the Business Portal if you do not use an STP enabled payroll solution, or
- using a registered tax agent who will submit a report on your behalf through Online services for agents.
- Submit the confirmation of your eligible employees online and wait for your confirmation email or SMS showing it has been received.
- Notify your eligible employees you have nominated them.
- ATO will pay you the JobKeeper payment for all eligible employees after receiving your application.
- Each month, you will need to reconfirm that your reported eligible employees have not changed through ATO online services, the Business Portal or via your registered tax agent. This will ensure you will continue to receive the JobKeeper payments from the ATO. You do not need to retest your reported fall in turnover, but you will need to provide some information as to your current and projected turnover. This will be done in your monthly JobKeeper Declaration report.
- If your eligible employees change or leave your employment, you will need to notify the ATO through your monthly JobKeeper Declaration report.
As always, we are here to help.