Wilson & Assoc Chartered Accountants

NSW Government COVID-19 Grant for Business

COVID-19 Business Grant

Are you a business, sole trader or not-for-profit organisation that has been impacted by the recent COVID-19 restrictions? You can apply for the COVID-19 business grant supported by the NSW Government.

The COVID-19 business grant can provide you with up to $15,000 for your business expenses including rent, wages and utilities.

The business grant differs depending on your business’ turnover during the restrictions. These amounts are:

•  $7,500 if your turnover has declined 30% or more

•  $10,500 if your turnover has declined 50% or more

•  $15,000 if your turnover has declined 70% or more

The full eligibility criteria will be available soon and you will be able to start applying from 19 July 2021.

Entities can also receive business support payments between $1,500 and $10,000 per week based on your payroll levels. You are eligible if:

•  You have an annual turnover between $75,000 to $50 million and can prove a 30% decline in turnover.

•  You have maintained full time, part time and long-term casual staffing level as of 13 July 2021.

Other businesses such as sole traders will be able to receive a set payment of $1,000 per week.

We will send an update as soon as the eligibility and claim criteria are published.

 

Source: Service NSW

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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.

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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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