What government support is available to NSW business?
If your business has been adversely impacted by the recent lockdown in NSW, support is available.
On 13 July 2021, the NSW and Federal Governments announced their economic support package aimed at supporting businesses and residents with the recent COVID-19 lockdown.
We've outlined the key economic support measures being offered for dealing with the economic ramifications of the health and safety requirements currently being experienced by our community.
The NSW and Federal Governments have announced a series of measures to support business during extended lockdowns of four weeks or more:
Up to $15,000 through the expanded NSW 2021 COVID-19 business grants program
Up to $10,000 cashflow support per week for employers
NSW micro business grants for businesses with a turnover between $30,000 to $75,000
NSW payroll tax deferrals and a 25% payroll tax waiver
NSW Rent protections and grants
NSW Sector support for the arts and accommodation sector
Small Business fees and charges rebate up to $1,500.
Please visit https://www.service.nsw.gov.au/campaign/covid-19-help-businesses/grants-loans-and-financial-assistance for the full listing and more details.
Tips before you start your application
You can streamline the process of applying for business support by ensuring:
Your business and contact details are up to date on the Australian Business Register
Your personal and business details are up to date and you have a MyServiceNSW account with a business profile
Please assess your eligibility using the information available on the Service NSW website and if you believe you are eligible apply using your Service NSW business account.
Some grant applications may require an accountant's prepared declaration as part of the grant submission process. Collins Hume will be able to provide assistance to our clients as we have done with previous NSW grant programs.
Please contact Collins Hume in Ballina or Byron Bay on 02 6686 3000 should you require an accountant's letter or further assistance.