COVID-19 business support – 2021

The NSW Government will be offering financial support to businesses or not-for-profit organisations impacted by the recent COVID-19 restrictions and stay-at-home orders.

You can get notified on existing and upcoming financial support, including:

• COVID-19 business grant: if you’re a business, sole trader or not-for-profit organisation impacted by the current Greater Sydney COVID-19 restrictions, you may be able to apply for a grant of up to $15,000.
• JobSaver: a support program funded jointly by the NSW and Commonwealth governments to maintain employment of staff for small and medium businesses impacted by the current health restrictions.
• Micro business grant: if you’re a micro business (small business or sole trader with annual turnover of more than $30,000 and under $75,000) impacted by the current Greater Sydney COVID-19 restrictions, you may be able to apply for a $1,500 payment per fortnight of restrictions from late July 2021.

Get ready

To help avoid delays in completing your application:

• ensure your business and contact details are up-to-date with the Australian Business Register (ABR)
• ensure your personal, contact and business details are up-to-date in your MyServiceNSW Account and your business profile
• if you don’t have one, create a MyServiceNSW Account and business profile.

Northern Beaches small business hardship grant

If you are a small business owner or a not-for-profit located on the Northern Beaches, Sydney, and were impacted by the Public Health (COVID-19 Northern Beaches) Order 2020, you may be eligible for a one-off small business hardship grant of $3000 or $5000.

Find out more information https://www.service.nsw.gov.au/transaction/northern-beaches-small-business-hardship-grant

Being paid off the books is unlawful

Myth: Being paid off the books is OK. Fact: No, it’s not. If you’re being paid under the table (aka cash-in-hand), you’re probably:• being underpaid• missing out on superannuation• not meeting your tax obligations.It might also mean you’re not getting pay slips, which can make it harder to fix disputes about your pay.While it’s ok to get paid your wages in cash, make sure you’re on the books and getting a pay slip so you know you’re getting paid right and meeting your tax obligations.Check our pay info: https://www.fairwork.gov.au/pay

Jobmaker Hiring Credits

Employers: The first claim period for the JobMaker Hiring Credit is underway!

Not sure where to start? The ATO’s step-by-step guide has you covered with information on:

 ️registration
 nominating eligible additional employees through Single Touch Payroll
 claiming payments.

Check it out at http://www.ato.gov.au/…/JobMaker-Hiring-Credit-guide/ 

Have you been working from home?

Have you been working from home?  While you might not be able to claim your active wear (or inactive wear ), you can still claim 80c per work hour on working-from-home expenses until 30 June 2021!

All you need is a record of how many hours you’ve worked from home such as a timesheet, roster, diary or similar document.

For more info on claiming working-from-home expenses, visit http://www.ato.gov.au/…/deduction…/home-office-expenses/ See less