JobKeeper support extended for Sole Traders

Posted by 01/09/2020 News and advice No Comments

Lockdowns and restrictions are continuing in Queensland and border closures will cause further financial hardship.

If you are a sole trader with legal responsibility for all aspects of your business whether you work alone or are an employer, you could be eligible.

On 21 July, the Government announced it is extending the JobKeeper Payment until 28 March 2021 and is targeting support to those businesses and not-for-profits who continue to be significantly impacted by the Coronavirus

We have recently found that some sole traders are not sure of their eligibility to receive JobKeeper Payments. We can hep with advice on your eligibility.

As it stands, further changes were announced on 7 August 2020 to adjust the reference date for employee eligibility and make it easier for organisations to qualify for the JobKeeper Payment extension.

The existing JobKeeper Payment will remain in place until 27 September 2020 and will continue to be open for new enrolments for entities that were in operation on 1 March 2020.

From 28 September 2020, the JobKeeper Payment will be extended, however, payments will be targeted to eligible sole traders that have been, and continue to be, most significantly impacted by the Coronavirus. The payment will also be stepped-down and two tiers of payment will be introduced.

JobSeeker eligibility has also been temporarily expanded to include sole traders and the self-employed if your business has been negatively affected.

Further support is also available for those working in industries, communities or regions particularly affected by the Coronavirus economic downturn including tourism, agriculture and education.

To make sure you know how to qualify or whether you can access these funds, please contact us as soon as possible so we can guide you through the process.