Are you eligible for JobKeeper? - Accounts NextGen

Are you eligible for JobKeeper?

Are you eligible for JobKeeper?

This information is for all those who have applied for JobKeeper. It is time for them to check whether you are eligible for this scheme any more.

A business participant is eligible for this scheme if he is not employed in your business but is active in one of your business’s operation. He might be a person who can manage the sales of your business or he has a say in making the strategy for your business.

Here are all the details of the business participants who is eligible for JobKeeper:

  • He should be a non-bankrupt sole trader.
  • He should be a shareholder in a firm or a director of a company.
  • He should be a partner in a partnership.
  • He should be an adult beneficiary but not a trustee.

And you have to keep in mind that the individual who has been engaged in the business from March 1, 2020, and he should also be active in the fortnight for which the Jobkeeper payment is being claimed. There were some changes introduced in the JobKeeper on July 20, 2020. As per those changes those who are active in child care services can’t claim JobKeeper payments for business participants.

Here are some key points to remember about this scheme:

  • If you have several persons in your company who meet the criteria of JobKeeper, only one person from your business is eligible for this scheme.
  • In case you have nominated one person from your business for this scheme, even if he leaves your business, you can’t nominate someone else who is working for your business.
  • You can nominate someone as an eligible employee or an eligible business participant but not both.
  • Only an individual can be eligible for this scheme.

In this blog, we try to provide all the essential information about accounting and taxation. You can visit our official website for more information.

Our Offices

Dockland Office
Level 10,
401 docklands drive
Docklands, VIC 3008

(03) 9015 8540

View on Map

Melbourne Office
Level 19,
180 Lonsdale Street
Melbourne, VIC 3000

(03) 9015 8540

View on Map

Sydney Office
Level 20 & 21 tower 2 Darling Park ,
201 Sussex St, Sydney NSW 2000

(02) 8973 7505

View on Map

Brisbane Office
Level 27,
480 Queen St
Brisbane, QLD 4000

(07) 3011 6316

View on Map

Geelong Office
73 Malop Street Geelong VIC 3320

(03) 52982000

View on Map

Adelaide Office
Level 21,
25 Grenfell Street,
Adelaide, SA 5000

(08) 8423 4554

View on Map

Perth Office
The Forest Centre,
Level 29 & 30,
221 St George's Terrace,
Perth, WA 6000

(08)9288 0603

View on Map

Available 24/7
1300 NXTGEN (698 436)

Emails
info@accountsnextgen.com.au

Translate »
Book Appointment