COVID-19 NSW Business Support Measures

The NSW and Federal Governments have announced a series of new measures to support business during extended lockdowns.  The government is still working on certain eligibility criteria.  As soon as they are released, we will advise and work with you to determine your eligibility.

1. Up to $15,000 through the expanded 2021 COVID-19 business grants program

2. Up to $10,000 cashflow support per week

3. Micro business grants

Unlike government assistance measures for Covid-19 last year where accountants could assist their clients with applications, these current support measures will be administered through Service NSW and the business/individual applies themselves.

We will be able to assist in working out your eligibility once the tests are announced and potentially provide an accountants letter, should the application require this.

To help avoid delays in completing your application:

• Ensure your personal, contact and business details are up-to-date in your MyServiceNSW Account and your business profile

• If you don't have one, create a MyServiceNSW Account and business profile.

Updates important to you and current trends in the market

In this issue of the newsletter, we explore a wide range of updates and news in the financial sector that may impact you.

1. Income Protection Insurance Premium Increases

2. Investment Options and Platforms

3. Single Touch Payroll

4. Property Market Update

5. NSW Payroll tax update

6. New Super Concessional and Non Concessional Contribution caps