2022 Government Support for Small Business

2022 Government Support for Small Business

  1. Has your business been impacted by the Omicron wave? A new government support grant is waiting for you.
  2.  

What is it

The NSW Government is providing a new JobSaver style support grant that is eligible for small businesses that have been impacted by the recent Omicron strain.

How much 

The Government is providing employing businesses a relief of up to 20% of weekly payroll as a lump sum for a one-month period with a minimum of $750 and a maximum of $5,000 per week.

Non-employing businesses can receive $500 per week, paid as a lump sum of $2,000.

Who can apply

Your business must have

• a turnover between $75,000 and $50 million; and

• experienced a minimum of 40% decline in turnover  during the month of January 2022, compared to January 2021 or January 2020; and

• experienced a decline in turnover of 40% or more from 1 to 14 February 2022, compared to the same fortnight in 2021 or 2020; and

• maintained employee headcount as of 30 January 2022. 

How to apply

Businesses will need to apply through the Service NSW. Most likely, you will also need an accountants’ letter to support your application, and we will be pleased to help with that.

We will provide the link to apply when application opens in mid-February.

Source: Service NSW
 
 

About Wilson & Assoc

Wilson & Assoc Chartered Accountants provides taxation and business advisory services to individuals, investors and businesses wherever you are based. We provide specialist services to startups and health care providers.

If we can help in any way, we’d like to hear from you.

DISCLAIMER

Information provided on this website is general information only and should not be treated as professional advice.  You may not rely on the basis of currency or accuracy of the information. We disclaim liability to all persons or organisations for any loss or damage suffered as a result of such reliance.  Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.

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