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Jobkeeper 2.0 not trading June and September 2019

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Newbie

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Hi

Are you eligible for Jobkeeper 2.0 if you were not trading until the last quarter of 2019.  I only started in October 2019 trading so am I not eligible for any of the Jobkeeper payments?

 

If you started trading in July 2019 are you eligible?

Thanks

 

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Community Support

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Thanks for posting @Wood101

 

To be eligible as a sole trader you need to meet the eligibility requirements of an eligible entity and an eligible business participant. The fact that you started trading may cause issue with satisfying certain requirements for an eligible entity.

 

The requirements state that you must be able to satisfy certain conditions at 12 March 2020, being

  • you had an ABN on 12 March 2020, and
  • you had lodged, on or before 12 March 2020, at least one of
    • a 2018–19 income tax return showing an amount included in your assessable income in relation to carrying on that business, or
    • an activity statement or GST return for any tax period that started after 1 July 2018 and ended before 12 March 2020 showing you made a taxable, GST-free or input-taxed sale.

If you have met this condition as well as all the other requirements that you can read here you are eligible and can apply.

 

Hope this helps!

1 REPLY 1
Highlighted

Most helpful response

Community Support

Replies 0

Thanks for posting @Wood101

 

To be eligible as a sole trader you need to meet the eligibility requirements of an eligible entity and an eligible business participant. The fact that you started trading may cause issue with satisfying certain requirements for an eligible entity.

 

The requirements state that you must be able to satisfy certain conditions at 12 March 2020, being

  • you had an ABN on 12 March 2020, and
  • you had lodged, on or before 12 March 2020, at least one of
    • a 2018–19 income tax return showing an amount included in your assessable income in relation to carrying on that business, or
    • an activity statement or GST return for any tax period that started after 1 July 2018 and ended before 12 March 2020 showing you made a taxable, GST-free or input-taxed sale.

If you have met this condition as well as all the other requirements that you can read here you are eligible and can apply.

 

Hope this helps!