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Articles
2020 is coming to an end. Phew!!
Victorian State Budget Overview 2020 - 2021
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JobMaker hiring credit given green light despite ongoing concerns
Super, death, and taxes
ATO extends JobKeeper deadlines ahead of Christmas
Small-business coronavirus grants set to be income tax-free under new bill
How Australians are taking advantage of income tax cuts
Part 1 – Budget reminders. Under the Hood.
Part 2 – Budget reminders. Under the Hood.
Part 3 – Budget reminders. Under the Hood.
Comprehensive list of COVID-19 initiatives and packages.
Businesses not meeting obligations warned as ATO restarts compliance programs
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Temporary home office expenses shortcut extended again
JobKeeper extension – changes implemented
JobKeeper Participants – are “workers”
Commissioner registers updated JobKeeper alternative tests
Varying Pay As You Go (PAYG) Instalments
Reminder of Medicare Levy Surcharge (MLS)
JobKeeper Participants – are “workers”

 

Although JobKeeper has been in place for many months and is now scaling back, all eligible participants may not have enrolled. The program is targeted to workers in the broad sense.

 



 


An “eligible business participant” is an individual who’s not an employee of the business but is actively engaged (i.e. a worker).


The eligible business participant must be an individual, who could be:-


  • a sole trader,
  • a director of, or shareholder in a company,
  • a partner in a partnership, or
  • an adult beneficiary of a trust (but not a trustee)

They must be actively engaged in the business, - although recently this does not include providers of childcare.


Even if the business has several people who meet the criteria (e.g. two or three partners or directors), only one can be nominated as the participant.


Whilst there are now continuing reporting obligations, which means you may not always be a “worker”- even a few fortnights JobKeeper receipts can be significant – check your enrolment basis regularly.


 


AcctWeb


 


 




16th-October-2020