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All news by: Simon Alford

NSW Small Business Support Program

Eligible businesses can receive 20% of their weekly payroll paid as a lump sum for the month of February 2022. The minimum payment will be $750 per week and the maximum payment is set at $5,000 per week. Non-employing businesses will receive a lump sum of $2,000 (i.e., $500 per week).

NSW COVID-19 Business Grant

The NSW Government has introduced a number of measures to support businesses affected by the recent COVID-19 restrictions. One of the key measures is the 2021 COVID-19 Business Grant. Read more about who can claim, what criteria apply and how to apply. 

Updated: NSW JobSaver scheme

Service NSW recently released some further guidance on the JobSaver scheme which is now available to impacted businesses in NSW. Today the Prime Minister announced an expansion to the scheme to include additional support for more businesses.

Update: NSW government releases further information in relation to COVID-19 support

Update on 16 July 2021: The New South Wales government has released some further information in relation to certain relief announced as part of their economic support package on 13 July 2021 for businesses and individuals impacted by the extended lockdowns.  

Further COVID-19 support announced by NSW and Federal governments

The NSW and Federal governments announced further support for businesses and individuals impacted by the extended lockdown in New South Wales.  

UPDATED: NSW COVID-19 Support Package eligibility

Eligibility criteria for the COVID-19 support grants was released by the NSW Government yesterday.  Including an overarching turnover test, businesses who have seen a minimum 30% decline in turnover may be eligible for one of the grants available. 

COVID-19 NSW Support Packages

In recent days many communities have been asked to adhere to government mandates of compulsory masks and lockdowns.  Both the NSW and Federal governments have announced support packages to businesses and individuals affected by the COVID-19 pandemic.  Find out more about what is available in our blog.

NSW State Budget: 2021-22

On 22 June 2021 New South Wales Honourable Dominic Perrottet delivered the 2021-22 state budget, focussing on COVID safety measures along with targeted spending to assist small business and large spending packages on infrastructure and disaster recovery. 

New SME Recovery Loan Scheme

On 11 March 2021, the Government announced a new SME Recovery Loan Scheme which will assist eligible businesses to access finance to maintain and grow their businesses when JobKeeper concludes at the end of March 2021.The Scheme builds on the framework established in the two phases of the Coronavirus SME Guarantee Scheme, and is specifically targeted at SMEs currently receiving JobKeeper (i.e. the scheme is only open to certain recipients of the JobKeeper payment between 4 January 2021 and 28 March 2021).

2020-21 New South Wales State Budget

The New South Wales Government delivered their 2020-21 budget this week with a focus on creating jobs and securing the future amidst the COVID-19 pandemic.

$40,000 saved in Payroll Tax

Moore Stephens New South Wales was able to promptly prepare and lodge a payroll tax rebate registration application that resulted in a significant cash windfall for their client.