During the #Covid19 lockdown, many small businesses in NSW applied for the business grant and the job saver eligibility. However, it is essential to remember that you need to confirm your eligibility every fortnight to keep receiving the job keeper. The service NSW has confirmed that it is unnecessary to verify your eligibility for the period from 30 August 2021 to 12 September 2021. However, the next period to confirm is 13 September 2021 to 26 September 2021. You need to compare the sales of the fortnight to either the same period in 2019, or 2020; or the two weeks before the lockdown of 12 June to 25 June. You need to ensure your business decline is 30% or over and that you maintain the same headcount as when the lockdown started.
Covid19 #lockdownfinish #firstdaynsw Today is the first day of NSW freedom day; many small and medium businesses had endured the most prolonged lockdown period in NSW and have come out more vital and more vibrant than before. We want to extend our best wishes to all the businesses in NSW to stay strong, healthy, and happy.
It is important to note that if you have not confirmed, or you had confirmed it wrong, you might not be able to receive the job saver eligibility grant and that if you have been overpaid, you will need to pay back along with the interest expense.
If you are unsure about whether you are eligible for the job saver grant on an ongoing basis, please come and talk to us, and one of our professional CPA accountants will be able to assist you.