{"id":17176,"date":"2021-08-05T21:08:28","date_gmt":"2021-08-05T11:08:28","guid":{"rendered":"https:\/\/adviceco.com.au\/?p=17176"},"modified":"2023-05-08T11:10:27","modified_gmt":"2023-05-08T01:10:27","slug":"latest-covid-19-grants-loans-financial-assistance","status":"publish","type":"post","link":"https:\/\/adviceco.com.au\/latest-covid-19-grants-loans-financial-assistance\/","title":{"rendered":"Latest COVID-19 Grants, Loans & Financial Assistance"},"content":{"rendered":"\n
Use the Service NSW quick reference guide to compare the grants and work out which one suits your situation.<\/p>\n\n\n\n
If you’re a business, sole trader or not-for-profit organisation in NSW and you’ve been impacted by the Omicron wave of COVID-19, you may be eligible for a payment under the 2022 Small Business Support Program.<\/p>\n\n\n\n
The program provides cash flow support to help eligible businesses survive the impacts of COVID-19 and maintain their NSW employee headcount.<\/p>\n\n\n\n
Eligible businesses will receive one payment covering the 4-week period of February 2022. Businesses will not receive payment for January 2022. <\/p>\n\n\n\n
If you’re an employing business, the payment will be equivalent to 20% of weekly payroll for work performed in NSW:<\/p>\n\n\n\n
Weekly payroll should be determined by referring to the calculations underlying the most recent Business Activity Statement (BAS) provided to the Australian Taxation Office (ATO) for a tax period that falls within the 2020-21 financial year. See the guidelines for more information about calculating your weekly payroll.<\/a> You can use the Service NSW template for calculating weekly payroll.<\/a><\/p>\n\n\n\n If you’re a non-employing business, such as a sole trader, you may be eligible to receive a payment of $500 per week.<\/p>\n\n\n\n Eligible businesses can use funds to cover business costs incurred due to the impacts of the Omicron strain of COVID-19 in NSW. These costs may include:<\/p>\n\n\n\n Applications close on 31 March 2022.<\/p>\n\n\n\n To be eligible for the 2022 Small Business Support Program, your business or not-for-profit organisation must:<\/p>\n\n\n\n A one-off payment to help businesses, sole traders or not-for-profit organisations impacted by the current Greater Sydney COVID-19 restrictions.<\/p>\n\n\n\n Grants between $7,500 and $15,000 are available to eligible businesses depending on the decline in turnover experienced during the restrictions.<\/p>\n\n\n\n Three different grant amounts will be available depending on the decline in turnover experienced over a minimum 2-week period from 26 June 2021 to 17 July 2021, compared to the same period in 2019:<\/p>\n\n\n\n Businesses and not-for-profit organisations on the NSW border with Victoria impacted by the stay-at-home orders that began on 27 May 2021 may use a different comparison period to demonstrate a decline in turnover. For each of the 3 grant amounts, these businesses must demonstrate a decline in turnover over a minimum 2-week period from 27 May 2021 to 17 July 2021.<\/p>\n\n\n\n To be eligible for the grant, you must:<\/p>\n\n\n\n A fortnightly payment for businesses with a turnover between $30,000 and $75,000.<\/p>\n\n\n\n Applications are open.<\/p>\n\n\n\n Fortnightly payments to help maintain employee headcount (as at 13 July 2021) and provide cashflow support to businesses.<\/p>\n\n\n\n Applications opened 26 July 2021.<\/p>\n\n\n\n $375 or $600 per week for people who have lost hours. These amounts will increase to $450 and $750 from the week commencing 2 August.<\/p>\n\n\n\n $200 per week effective from the week commencing 2 August.<\/p>\n\n\n\n Eligibility is the same as above, except that the claimant is receiving an income support payment, ABSTUDY Living Allowance, Dad and Partner Pay or Parental Leave Pay.<\/p>\n\n\n\n Businesses can opt in to defer payments on the 2020-21 annual reconciliation return and wages paid in July and August. Interest-free repayment plans for up to 12 months will be available.<\/p>\n\n\n\n How much<\/strong><\/p>\n\n\n\n Eligibility<\/strong><\/p>\n\n\n\n Concessions to help reduce overheads for eligible businesses with a 30% decline in turnover.<\/p>\n\n\n\n How much<\/strong><\/p>\n\n\n\n Eligbility<\/strong><\/p>\n\n\n\nEligibility<\/h4>\n\n\n\n
2021 COVID-19 Business Grant<\/h3>\n\n\n\n
Eligibility<\/h4>\n\n\n\n
COVID-19 Micro Business Grant<\/h3>\n\n\n\n
How much<\/h4>\n\n\n\n
Eligibility<\/h4>\n\n\n\n
JobSaver<\/h3>\n\n\n\n
How much<\/h4>\n\n\n\n
Eligibility<\/h4>\n\n\n\n
COVID Disaster Payment<\/h3>\n\n\n\n
For people without any Centrelink payments.<\/strong><\/h4>\n\n\n\n
Eligibility<\/h4>\n\n\n\n
For people with Centrelink Payments<\/h4>\n\n\n\n
State Fee Waivers and Tax Assistance<\/h3>\n\n\n\n
Payroll tax deferrals<\/h4>\n\n\n\n
Payroll tax concessions<\/h4>\n\n\n\n
Other States COVID-19 Grants and Financial Support<\/h3>\n\n\n\n