Covid19 NSW Business Relief Summary
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