15 September 2020
Did you know that if your business is enrolled for the JobKeeper Payment, you may be able to claim payments for an eligible business participant?
An eligible business participant is an individual who is not an employee of your business, but who is actively engaged in its operation.
For example, they might manage the sale of your business’s goods or exercise control over your business strategy.
To be eligible for JobKeeper payments, the business participant must be an individual who is:
The individual must also meet other criteria, including having been actively engaged in the business at 1 March 2020.
You can only nominate one eligible business participant, even if several people meet the criteria.
Unlike employees, the key date for assessing business participants' eligibility is still 1 March 2020.
As of 20 July 2020, approved providers of child care services can't claim JobKeeper payments for business participants.
The individual must be engaged in the fortnight that the JobKeeper payment is claimed. For instance, if your eligible business participant is on leave, you cannot claim JobKeeper payments for JobKeeper fortnights that fall in that time period.
Find out about:
Related news items
Are your passwords strong enough to protect your business from scammers?
You may be eligible for tax offsets, a lower tax rate or deduction concessions.
Find out what's in or out when lodging returns if you received cash flow boosts.