July 2023
The 120% technology and skills ‘boost’ deduction The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions. Almost a year after the 2022-23 Federal...
June 2023
Tax Savings For the Taking! It’s that time of year when we all look at what last minute things we can do to maximise tax savings. In the wise words of the late Kerry Packer to a Senate estimates committee,...
NSW Business Support 2022
The NSW Government has announced a $1bn support package for struggling NSW small businesses. Acknowledging the difficulty that business operators have faced, the NSW Treasurer Matt Kean has announced a package of measures to support small businesses impacted by COVID-19...
Battling Through COVID-19: Finance Tips for Business Survival
We’ve heard this before: the COVID-19 pandemic is an unprecedented global health and financial crisis that has caught many off guard. While the threats to human life are very real, the damage to the health of businesses is really just...
What lockdown support is available to NSW business?
If your business is adversely impacted by NSW lockdowns, support is available. Three primary methods of financial support are available to businesses during extended lockdowns: Up to $15,000 through the expanded NSW 2021 COVID-19 business grants program Up to $100,000...
2021 COVID-19 Business Grant of up to $15,000
The COVID-19 Business Grant provides up to $15,000 to eligible businesses (including not-for-profits and sole traders) with annual wages of up to $10 million. The value of the grant is determined by the impact of the lockdown on your turnover. Your business...
JobSaver: Cashflow Support of up to $100,000
JobSaver is a weekly payment between a minimum of $1,500 and maximum of $100,000 based on 40% of the NSW payroll payments of your business (including not-for-profits). Eligible businesses without employees that meet the eligibility criteria (such as sole traders with...
$1,500 Micro-Business Grants
The micro-business grant provides $1,500 per fortnight to sole traders and other small businesses with aggregated annual turnover between $30,000 and $75,000. The grants are available from week one of the lockdown until restrictions are eased. Grants are for costs incurred from...
Rent protections and grants
Commercial and retail rent protections are in place for rental arrears from 13 July 2021 for an initial 6 month period. Eviction moratorium An eviction moratorium is in place for rental arrears where a tenant has: An annual turnover of...
Payroll tax relief
Payroll tax and lodgement deadline deferred The due date for the 2020-21 annual reconciliation has been deferred until 7 October 2021. You also have the option of deferring July and August 2021 payroll tax payments until 7 October 2021. Previous...
