Hi everyone,
Just need help from some experts here on ozb.
I own a business with 2 subcontractors working for me. So non-employing business.
Company not registered for GST.
I don't work for the business. Only shareholder director.
Business has dropped revenue of over 30%
I only lodge bas annually.
Do I qualify for any supplement or bonus?
You don’t work there, no
There are supplements for businesses too and I own the business. Wasn't sure that's why asking.
Possibly, depending on the company structure you may be a “ eligible business participant”. Best to talk with your accountant.
https://business.gov.au/Risk-management/Emergency-management…
https://www.ato.gov.au/general/jobkeeper-payment/employers/e…
As mentioned, you may be eligible for the eligible business participant. However, if you are employee at another company; then you won't be eligible for that either. The JobKeeper is to help businesses keep people employed and since you have no employees; you are out of luck there.
There's literally a big bold MEGATHREAD on Ozb
But some people are special and need their own thred……
What bonus?youre not an employee so how would you qualify for anything?
I own shares in >200 companies i dont expect anything.