Dear clients

More support for businesses affected by the current lockdown/covid measures.

NSW government is providing a SMALL BUSINESS COVID 19 SUPPORT GRANT

If you are a small business and have suffered a decline in turnover measured across 2 weeks minimum for the 2 weeks from June 26th. The Grant amount is as follows:

  • $10,000 grant if your decline in turnover is 70%
  • $7,0000 grant if  your decline in turnover is 50%
  • $5,000 grant if your decline in turnover is 30%

Key criteria:

  • Small businesses and sole traders with a turnover over  $75,000.
  • You are below the payroll tax threshold of  $1.2 Mil as at 01/07/2020.
  • You must also have less than 20 Full time employees

Separate rules for the Hospitality industry – turnover is over $75,000 and your annual Australian Wages are below $10 Mil.

These will commence from late July.

DINE AND DISCOVER

  • Can now be used for Takeaway
  • Has been extended to 31/08/21

If you should have any further questions please do not hesitate to contact our office

To read the Government media Release

MEDIA RELEASE

As always contact VJC if you have any questions.

General Advice warning: the information in this article is general in nature, it is not advice specific to your needs. If you want to act upon the information in this article then you should seek advice from a qualified professional. VJC WM accepts no liability to any party for acting from this information unless they have sought advice in a formal engagement with VJC WM for this purpose.