Many businesses do not pay the business owners a wage and therefore are not officially considered to be employees.
Rest assured that the Government has taken this into consideration when determining who can access the JobKeeper Payment.
We now know that the following individuals will be eligible for the JobKeeper Payment in addition to employees:
- ONE partner in a partnership;
- ONE beneficiary of a trust;
- ONE director or shareholder of a company.
If you are in this position, are eligible for the JobKeeper payments, apply for the payments, then need to make these JobKeeper Payments to the business owner, they need to be paid through Single Touch Payroll (STP).
You may require payroll assistance if you do not currently pay employees. You will need to set up a STP payroll system and use the payroll codes that the Tax Office require for these payments.
Your professional bookkeeper will be able to assist you through this process.
If you require further information, please do not hesitate to get in touch.