Out of pocket: JobKeeper misconceptions cleared up
CONFUSION about the JobKeeper payment may have left scores of people on the Granite Belt out of pocket.
Stanthorpe based financial consultant Leanne Williams said she had spoken to dozens of people who thought they didn't qualify to receive the payment, when in fact they did.
"I speak to a lot of business people in the community daily and what I'm hearing is people are not sure whether they qualify or not so they're not even bothering," Moneyology's Ms Williams said.
"It does take a lot to go through the detail. It is quite time consuming but the fact of the matter is the government is trying to give as many people as possible this assistance."
The bad news is, for those yet to apply, enrolments close this Sunday, May 31.
Under the JobKeeper arrangement, businesses impacted by COVID-19 will be able to access a subsidy to continue paying their employees.
The government, through the Australian Taxation Office, will provide a fortnightly payment of $1500 per eligible employee until September 27, 2020.
"To qualify you don't need a lot," Ms Williams said.
"You need to have a 30 per cent decline in income as a business owner. That's as a sole trader, a partnership, a trust or a company.
"If you can demonstrate a 30 per cent income loss on the same time last year then you qualify," Ms Williams said.
With an 82 per cent income reduction on this time last year, Ridgemill Estate winery owner Martin Cooper said they certainly fell into that bracket.
"We've got four people here on JobKeeper," the Granite Belt Wine and Tourism president said.
"We've (GBWT) certainly passed on plenty of information.
"The problem is I think a lot of people have been caught out in the (tourism) industry because so much of it is casual employees," Mr Cooper said.
Some employees have been negatively impacted, with the onus on employers to apply for the payment.
"I've heard from some people who haven't been able to get it because their employer hasn't applied for it because they don't understand it," Ms Williams said.
"This is a huge problem.
"I have my own sole trader business plus I have my business I run with my husband as well and we have three employees we're paying JobKeeper and we're receiving JobKeeper for that business.
"It's a tourism business and we're down 85 per cent in revenue."
Ms Williams said you only needed to be assessed and qualify for it once to receive the payment until September's end.
To find out more and receive a free consult contact Moneyology's Leanne Williams on 0416182027 or phone the Australian Taxation Office.