Introduction

If your NSW business has been impacted by the Covid-19 “Delta outbreak” and the NSW public health stay-at-home orders (commencing June 2021) there are a range of measures to support you during this lockdown.

The measure available are for:

–  ABN Businesses (or Not for Profits),

–  In NSW,

–  With annualised turnover above at least $30,000 (at 30/6/20), and wages less than $10M,

–  Where the 2020 tax return is complete,

–  And the business has suffered a downturn of at least 30%.

2021 COVID Business Grant

–  One off Grant

–  Available for businesses suffering downturn of

–  30% (receive $7,500)

–  50% ($10,500)

–  70% ($15,000)

–  Comparing the 2-week period 26/6/21 – 17/7/21 against the same period in 2019, 2020 or the 2 weeks prior.

–  Business had income between $75K to $50M for FY2020

–  Applications close 13 September 2021

–  Link: https://www.service.nsw.gov.au/transaction/2021-covid-19-business-grant

2021 COVID Jobsaver

–  For businesses with turnover $75K – $250M p.a at 30/6/2020

–  Fortnightly payments (receive min $1,500 per week, MAX $100K p.w)

–  Equivalent to 40% of weekly payroll

–  Available for business suffering downturn of at least 30%

–  By comparing any 2-week period after 26/6/21 against the same period in 2019, 2020 or the 2 weeks prior.

–  Business must maintain employee ‘head count’

–  Sole traders eligible for $1,000 p.w

–  Applications close 18 October 2021

–  Link: https://www.service.nsw.gov.au/transaction/jobsaver-payment

2021 COVID Micro business Grant

–  For businesses with turnover $30K – $75K p.a at 30/6/2020

–   Receive $1,500 per fortnight

–  Paid fortnightly

–  Available for business suffering downturn of at least 30%

–  Comparing any 2 week period after 26/6/21 against the same period in 2019, 2020 or the 2 weeks prior.

–  Cannot apply for NSW Covid Business or Covid Jobsaver

–  The business must be the owner’s primary income source

–  Link: https://www.service.nsw.gov.au/transaction/2021-covid-19-micro-business-grant

Revenue NSW Payroll Tax Relief

DEFERRAL

–  Ability to defer payments due on 2020-21 Annual reconciliation

–  Interest free

–  Any business paying payroll tax is eligible for deferral

WAIVER

–  Any NSW business with 30% decline in turnover is eligible for a 50% waiver in payroll tax bill

–  Eligible for businesses with wages up to $10M

Revenue NSW Land Tax Relief

–  Land Tax waivers for landowners who can demonstrate they provided Rent relief for tenants in distress;

–  Up to 100% of the Land Tax bill

–  Available until 31 December 2021

Commercial Landlord Hardship Fund

–  Administered by Service NSW

–  Provide grants of up to $3,000 per month to small commercial or retail landowners who suffer hardship due to the changed leasing arrangement with tenants who are financially impacted by COVID-19 in 2021, and have not claimed any land tax relief for rent reductions provided between 1 July 2021 and 31 December 2021

–  Available per eligible property

–  The fund is limited (once the funds are disbursed – the scheme is over)

–  Link : https://www.service.nsw.gov.au/commercial-landlord-hardship-fund-guidelines