The recently announced JobSaver 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)
- demonstrate your business was operating in NSW as at 1 June 2021
- have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020
- have experienced a decline in turnover of 30% or more due to the Public Health Order over a minimum 2-week period within the Greater Sydney lockdown (commenced 26 June) compared to the same period in 2019
- for employing businesses, maintain your employee headcount on 13 July 2021 while you continue to receive JobSaver payments
- for non-employing businesses, such as sole traders, show that the business is the primary income source for the associated person. If you have more than one non-employing business, you can only claim payments for one business.
How much can I receive?
Eligible businesses and not-for-profit organisations with employees will receive fortnightly payments backdated to cover costs incurred from week 4 of the Greater Sydney lockdown (from 18 July 2021 onwards).
The payment will be equivalent to 40% of the weekly payroll for work performed in NSW:
- minimum payment will be $1,500 per week
- maximum payment will be $10,000 per week.
Weekly payroll should generally be determined by referring to the most recent Business Activity Statement (BAS) provided to the Australian Taxation Office (ATO) before 26 June 2021 for the 2020-21 financial year.
If you’re a non-employing business, such as a sole trader, you may be eligible to receive a payment of $1,000 per week.
Evidence required to apply for the grant
Eligible businesses applying for the $7,500 (tier one), the $10,500 (tier two) or the $15,000 (tier three) grant are required to:
- declare that you meet the eligibility criteria
- declare your employee headcount at 13 July 2021
- if you have employees, declare that you will maintain your employee headcount on 13 July 2021 for the period for which you will receive JobSaver payments. Service NSW must be notified if the headcount declines over the payment period
- if you do not have employees, declare that the business is the primary income source for the owner of the business
- submit an Australian income tax return, Notice of Assessment or other documentation demonstrating the business had a national aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020
- provide details of your qualified accountant, registered tax agent or registered BAS agent
- provide evidence of weekly payroll
- lodge other supporting documents as required to demonstrate you meet the eligibility criteria.
If your business is not on the highly impacted industries list, in addition to the evidence requirements outlined above, you’ll need to:
- submit a letter from a qualified accountant, registered tax agent or registered BAS agent, using the template provided, to demonstrate that you experienced a decline in turnover over a minimum 2-week period within the Greater Sydney lockdown (commenced 26 June) compared to the same period in 2019. If you submitted an accountants letter or the COVID 19 Business Grant the same letter can be used.
Payment
Upon completing the application the payment will be made within 5 business days.
How we can help
To review your eligibility and provide you with the appropriate accountant’s verification letter, to allow you to claim yourself, our fee is $250 + GST ($275 inc GST)
To apply on your behalf including providing the verification letter 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.
