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Re: Job Keeper

Newbie

Views 476

Replies 1

Hi
Will the Jobkeeper payment reduces as I earn Income from my sole trader business when I report them?

 

Thank you

 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Former Community Support

Replies 0

Hi @AjJana 

The JobKeeper payment covers 13 fortnights from 30 March 2020 until 27 September 2020 and you don't need to re-test turnover each month. When you do your monthly business declaration, you must provide information as to your current and projected turnover. This is not a retest of your eligibility, but rather an indication of how your business is progressing under the JobKeeper Payment scheme.

If you satisfied the turnover reduction test when you enrolled, you can claim the JobKeeper Payment for every fortnight of the scheme, even if your turnover improves over the six months.

Hope this information helps. 

1 REPLY 1

Most helpful response

Former Community Support

Replies 0

Hi @AjJana 

The JobKeeper payment covers 13 fortnights from 30 March 2020 until 27 September 2020 and you don't need to re-test turnover each month. When you do your monthly business declaration, you must provide information as to your current and projected turnover. This is not a retest of your eligibility, but rather an indication of how your business is progressing under the JobKeeper Payment scheme.

If you satisfied the turnover reduction test when you enrolled, you can claim the JobKeeper Payment for every fortnight of the scheme, even if your turnover improves over the six months.

Hope this information helps.