Latest News

NSW Covid Support for Business

Covid Support

With Lockdown’s now covering the whole of NSW, the Covid support available has become more important than ever for Small Business. With eligibility dates now running until the end of August and backpayments available, you should be ensuring that your business analyses it’s position as soon as possible. Key to this is understanding that the eligibility is based on a MINIMUM 2 week period. This means that you need to look at your DAILY sales, and analyse on a progressive basis, giving a multitude of possible combinations. Please contact our office if you need assistance in calculating. Below is a basic summary of eligibility requirements. Please note that alternate tests have also been released as part of the updated guidelines. Full information is available at the Service NSW website

All information below is in summary form only and should not be construed at advice. Please contact our office to clarify your particular circumstances if necessary.

Covid 19 Business Grant

   
    

Eligibility

How Much Can You Get

Evidence Required

Closure Date

A business with an ABN operating in NSW and has maintained employee headcount as at 13 July 2021.
Business turnover greater than $75,000 and wages less than $10,000,000 and
Decline in turnover greater than 30% over a minimum two week period between 26 June and 17 July 2021 compared to 2019.

Decline in turnover > 30% = $7,500
Decline in turnover > 50% = $10,500
Decline in turnover > 70% = $15,000

Be on the highly impacted industries list, provide a declaration and lodge supporting documents

OR

If not on the highly impacted industries list provide an accountant’s declaration plus business declaration and supporting documents

13-Sep-21

    

Job Saver

   
    

Eligibility

How Much Can You Get

Evidence Required

Closure Date

A business with an ABN operating in NSW and has maintained employee headcount as at 13 July 2021,
Business turnover greater than $75,000 and experience a decline in revenue of greater than 30% in a two week period commencing 26 June 2021 and ending 28 August compared to 2019.

Non-Employing Business = $1000 per week

Employing Business 40% weekly NSW payroll
Minimum $1,500 per week
Maximum $10,000 per week

Be on the highly impacted industries list, provide a declaration and lodge supporting documents

OR

If not on the highly impacted industries list provide an accountant’s declaration plus business declaration and supporting documents

18-Oct-21

Micro Business Grant

   
    

Eligibility

How Much Can You Get

Evidence Required

Closure Date

A business with an ABN operating in NSW and
Business turnover greater between $30,000 – $75,000 and
Decline in turnover greater than 30% over a minimum two week period commencing 26 June 2021 and ending 28 August 2021

$1,500 per fortnight

Declare you meet the eligibility criteria and submit evidence and supporting documents

 

18 Oct-21

 

Share This Post

DOWNLOAD OUR FREE

BUSINESS REPORT

Improving the Cashflow in Your Business