You are eligible for
- JobKeeper payment of $1,500 per fortnight for 6 months to pay employees
- JobSeeker payment of $550 per fornight
- The increased instant asset write-off $150,000
- Accelerating depreciation deductions of 50% of cost on eligible asset
SME Guarantee Scheme - lenders will be more willing to offer loans
early access to your superannuation.
Partnership
- If you don't employ anyone, then for theĀ
- JobKeeper payment, only 1 business partner can get it. Even if you have more than 2 business partners in your partnership; its still only 1 partner that can get it. The reason being is that the JobKeeper requirement is thatĀ
- It is more beneficial for each partner to go and receive JobSeeker
Reference
- https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/support-available-for-sole-traders
- https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Support_for_sole_traders_0.pdf
- https://www.smartcompany.com.au/coronavirus/covid19-stimulus-sole-traders/
- https://www.smartcompany.com.au/coronavirus/jobkeeper-wage-subsidy-sole-traders/