A Win for Sole Traders
Updated: Apr 5
For the last few weeks we have been crying out for the government to pay attention to that very important segment of the small business market - the sole trader.
Finally they have listened.
If your are self-employed and your business has suffered, or is expected to suffer, a 30% decline in turnover (relative to a comparable prior period of at least a month), then you will be eligible for the new JobKeeper payment of $1,500 per fortnight.
This payment also applies to all employers with different turnover thresholds depending on the size of the business.
You must register your interest via the ATO website (search for JobKeeper payment) and you can access a fact sheet from the Treasury website for further information. https://treasury.gov.au/coronavirus/jobkeeper