It's Sunday afternoon when I write this and the guidelines have just been released for the Covid-19 Business Grant, for which applications open tomorrow. I am feeling like next week is going to be a big week. To help as many businesses as possible, as quick as possible and as cost effectively as possible I have put together this guide for you to gain an understanding.

JobKeeper is a wage subsidy being a fixed payment of $1,500 per fortnight for fortnights starting 30 March 2020 and ending 27 September 2020. The subsidy is to be paid to an eligible business which is then passed on to an eligible employee. The JobKeeper scheme recognises that certain participants in a business, such as a sole trader, a partner in a partnership, a beneficiary of a trust and a director or shareholder in a company are also affected by the economic downturn caused by the Coronavirus. Accordingly, in order to provide a benefit to such business participants, the Jobkeeper scheme has been extended.