Published on May 12, 2020
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Coming off the back of the Nation’s most devastating bushfire season and now the COVID-19 shutdown, thousands of small businesses across NSW are struggling to cope in these unprecedented times.
Did you know that your small business may be eligible to apply for grants of up to $10,000?
The NSW Government will put $750 million into the Small Business Support Fund as the centrepiece of a third wave of support measures to keep small businesses afloat during the COVID crisis.
The fund was designed to provide help fast and would benefit tens of thousands of businesses across NSW.
To be eligible for the Small Business COVID-19 Support Grant, businesses will need to:
- have between 1-19 employees and a turnover of more than $75,000
- a payroll below the NSW Government 2019-20 payroll tax threshold of $900,000
- have an Australian Business Number as of 1 March 2020, be based in NSW and employ staff as of 1 March 2020
- be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020
- use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice
- provide appropriate documentation upon application.
Applications for a small business grant of up to $10,000 will be available through Service NSW within a fortnight and remain open until 1 June 2020.
For small businesses located in the Cessnock Local Government Area that have experienced significant decline in revenue as a result of the NSW 2019-2020 bushfires you may be eligible for the $10,000 small business support grant.
A decline in revenue as a result of bushfire may include multiple scenarios. This evidence requirement may be demonstrated when the business was in a defined disaster area and subject to either:
- an evacuation order or tourism leave order
- other supply chain interruptions or stock damage resulting in reduced sales, such as road closures and utility disconnections, or
- significantly reduced customer numbers, such as through consumer perception of danger and smoke haze.
The grant may be used for, but is not limited to:
- meeting standard business costs, including utilities, salaries and rent
- seeking financial advice to support the recovery of the business
- adjusting the business to be viable in the changed local context following the bushfires
- developing the business and extending business reach through marketing and communications activities, or
- improvements to make the business more resilient to future disasters.
Check your eligibility and apply here https://www.service.nsw.gov.au/transaction/apply-small-business-bushfire-support-grant
In keeping the system fair, JobKeeper Payment rules has been introduced and contains several provisions to ensure the integrity of the JobKeeper program.
Businesses are reminded that penalties may apply where false or misleading statements are made for the purpose of defrauding the system.
For more information click here ATO- JobKeeper Payment
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