The recently announced COVID 19 micro business grant is now available.
All applications can be made from the Service NSW website.
We have summarised how the grant works below
Eligibility
To be eligible for the grant, you must:
- have an active Australian Business Number (ABN) registered in, or demonstrate your business was primarily operating in, NSW as at 1 June 2021
- have had aggregated annual turnover between $30,000 and $75,000 for the year ended 30 June 2020
- have experienced a decline in turnover of 30% or more due to the public health orders over a minimum 2-week period within the Greater Sydney lockdown (commenced 26 June 2021 and due to end 30 July 2021), compared to the same period in 2019
- have business costs for which no other government support is available
- have not applied for either the 2021 COVID-19 business grant or the JobSaver payment
- maintain your employee headcount as at 13 July 2021 while receiving payments from this grant, if you’re an employing business
- have this business as your primary income source, if you’re a non-employing business such as a sole trader.
How much can I receive?
Eligible businesses will receive fortnightly payments of $1,500 for the duration of the Greater Sydney lockdown (from 26 June 2021 onwards).
Evidence required to apply for the grant
When applying for this grant, you must:
- declare that you meet the eligibility criteria
- submit evidence of:
- your business’ decline in turnover of 30% or more over a minimum 2-week period within the Greater Sydney lockdown
- an aggregated annual turnover between $30,000 and $75,000 for the year ended 30 June 2020.
- lodge other supporting documents, as required, to demonstrate you meet the eligibility criteria.
Payment
Upon completing the application the payment will be made within 5 business days.
How we can help
To apply on your behalf our fee is $500 + GST ($550 inc GST)
Speak to one of our accountants today if you have any questions or need assistance with your COVID grants.
