Jobkeeper for eligible business participants

Will_10588422

I am an eligible business participant for the JobKeeper payment but do not receive a salary. I have 3 employees eligible for Jobkeeper and will be adding the JOBKEEPER-START-FN01 allowance to that payrun and updating the STP submission at the ATO.
Is there a way to include a JobKeeper start date for me in the STP file? If not, do you know if it will be possible to submit STP files for my employees (by 30 April) AND later (from 4 May) manually identify myself for Jobkeeper with the ATO?

Chet

Will_10588422

Thank you.

Kris_Williams

 Business  participant doesn’t go through stp 

Dewi Hermanto

Angela Milani

I understand the Business Participant is added to the Monthly Declaration which is available from 4/5/2020. They should be paid in April to claim for April.

Dewi Hermanto

Thank you Angela, however, if it is not done thru STP, do you know how do we report the PAYGW for business participant? Using the monthly IAS?

Lee_8688889

A business participant may not be someone who is getting wage, such as a trust beneficiary or a partner in partnership. So in those cases they would not get a payment in April in order to claim for April.

Dewi Hermanto

Thank you Lee, so this means the beneficiary needs to be identified on 4 May thru business portal. Thank you so much.

Kris_Williams

My understanding is the enrolment on the tax portal kicks off the process and you don’t have to have physically paid it to to the partner or director

TeaganHayse

Kris_Williams

No, not to my knowledge as it doesn’t get entered in the payroll system

TeaganHayse

Thanks

David_10596885

Kris, Thank you for all that and I am a business participant with nil employees and have completed Step 1 Enrolment however how do we complete Step 2 "Identify and Maintain employees eligible for Jobkeeper wage subsidies." (for business participant only). Is it via the Portal only and can only be done after 4 May. If this is correct has anyone confirmed that with the ATO.

Patrick_10195009

Thanks for all the info that people have shared it is helpful.
We have already enrolled on the ATO Business Portal but at the time was not aware of being able to claim for Eligible Business Participants (Director) but have since found out (thanks to the Reckon Webinar).
Does anybody know if there is a way to edit your registration so we can now claim for the Eligible Business Participant?

Will_10588422

The only way to change your Jobkeeper enrollment is to call the ATO Business Portal helpline on 132866.

Patrick_10195009

Thanks. I will wait on the line to see if anybody answers

Angela Milani

Lee_8688889

Angela, this is a good question. Perhaps you can post it as a new question/thread so that it doesn't get lost.

Patrick_10195009

I just checked our payment received and we have also not been paid for the Business Participant although it was added to the claim lodged with ATO (But not on STP)

Dewi Hermanto

I also have received payment today for business participant. I did not lodge it using STP but straight from business portal.

Patrick_10195009

Do you know if you are supposed to add the number for the Business participant that is not declared through STP to the number you are claiming? For example if we have 20 employees and 1 Eligible Business participant should the number reported through the portal be 20 or 21

Dewi Hermanto

From memory, there were 2 separate fields each for employee and business participant. Because basically business participant is not considered as an employee.

Patrick_10195009

That is how we reported the Business participant, in the separate section and then reported the number of (regular) employees in the other section

Angela Milani

That's what I did too and it didn't show on the report after I had submitted the claim form.

Sarah kong

what about business participant payment for shareholder? Once company received the jk fund for shareholder, we decided to pass this to shareholder. How can we pass this? Do we pay that to shareholder as wage (stp) under allowance because shareholder did not work? Thanks for your help.

Kris_Williams

I assume you are a Pty Ltd so any money you take out of the business for the shareholder should be treated the same as other monies you take out of the company for shareholder.

Kris_Williams

21

Sarah kong

Thanks for prompt response Kris. Yes Pty Ltd. Company received the JobKeeper payment as for business participant for one of shareholder / non-working director. Can't we pay via wage to shareholder/ non-working director as an allowance? We do not want to pay it as dividend as we do not have enough franking credit balance. In addition, we do not need to pass the payment to shareholders if we decide not to. Is it correct? Thanks for your help.

Kris_Williams

If it was received as a business participant I don’t believe you can pass it on as a wage in the payroll. No you don’t have to pay it out at all, this I know for sure but you may want to check with your accountant re the dividend option

Sarah kong

Thanks. Would you please advise if you happen to have the information about how we can pass this to shareholder in this scenario?

Kris_Williams

As I said your accountant is the professional, but I would enter it as a shareholder payment and let the accountant move it when he does your tax