Due to the NSW-wide COVID-19 lockdown, Premier Gladys Berejiklian announced the Small Business Support Grant to assist thousands of small businesses in the state.
Eligibility Criteria
According to the NSW Government’s Media Release (June 29, 2021), a small business must meet the following criteria:
- A turnover of over $75,000.
- A payroll tax threshold below $1,200,000 as of July 1, 2020.
- Fewer than 20 full-time equivalent employees.
- An ABN registered in NSW or proof of operation in NSW.
Grant Amounts Based on Turnover Decline
Eligible businesses can receive:
- $10,000 for a 100% turnover decline.
- $5,000 for a 70% turnover decline.
- $3,000 for a 30% turnover decline.
Application Process
Applications open later in July via Service NSW. Businesses must demonstrate a decline in turnover for at least two weeks after the major restrictions began on June 26, 2021.
Get Expert Help from EndureGo Tax
If you operate a small business in New South Wales, contact EndureGo Tax or your accountant. As a leading tax agent in Inner West Sydney, we can help you apply for the Small Business COVID-19 Support Grant.
Keep Your Bookkeeping Up to Date
Ensure your financial records are current. The assessment period includes two weeks before and after June 26, 2021. Keeping accurate records will support your application.
Apply Now
To apply for the Small Business COVID-19 Support Grant, contact us at 1800-841-312 or email hello@endurego.com.
