Jobkeeper for eligible business participants

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  • Updated 3 weeks ago
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?
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Will

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Posted 3 months ago

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Chet

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When you enrol for JobKeeper in the ATO business portal, it will ask you whether you would like to claim for eligible business participant. That is where you make the claim as you can only claim for one. 

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Will

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Thank you.
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Kris Williams

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 Business  participant doesn’t go through stp 
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Dewi Hermanto

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So, if it does not go thru STP, it has to be done manually thru ATO portal (from what I read from ATO website).  Does it also mean the business participant needs to be paid by 30 April?  I cannot find information on this.

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Kris Williams

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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.
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Sarah kong

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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.
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Kris Williams

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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
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Sarah kong

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

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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
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Teagan Hayse

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Then my question is do you now withhold tax on the $1,500/fortnight for business participant?
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Kris Williams

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

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Thanks
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Angela Milani

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I added the Business participant and number of Employees on the JK enrolment form. Employee payroll went through to the ATO via STP.
When I claimed the subsidy yesterday via the Business Portal, the Employee number was self populated and the Business participant name was added using the TFN. When I submitted the form, the Employees were accepted but the Business participant was not, even though the name was on the form.
After a lengthy phone call to the ATO, the Business participant was added to the claim. I was then informed that the Business participant needed to be on the STP.
Can Reckon Help give advice on this please when no payment is actually made to the Business participant via payroll?
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Lee

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

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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)
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Dewi Hermanto

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

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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
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Kris Williams

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21
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Dewi Hermanto

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

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

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