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30 Jun 2021

COVID-19 Disaster Payment

A support payment for workers adversely affected by a state public health order.

Follow the link below for details of the payment.

https://www.servicesaustralia.gov.au/individuals/services/centrelink/covid-19-disaster-payment

29 Jun 2021

NSW SMALL BUSINESS GRANTS EXPLAINED

The amount a small business can receive will depend on the percentage of turnover a business has lost during the lockdown.

Small businesses who experience a 70 per cent decline in turnover can access $10,000, those who have experienced a 50 per cent decline can access $7000 and those who have experienced a 30 per cent decline can access $5000.

The payments will be available by July 19.

The grants will be divided into two streams:

1. Small Business COVID-19 Support Grant: Available to businesses and sole traders with a turnover of more than $75,000 per annum but below the NSW Government 2020-21 payroll tax threshold of $1,200,000 as at July 1, 2020.

These businesses must have fewer than 20 full-time equivalent employees and an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales.

Full criteria will be available in coming days on the Service NSW website.

2. Hospitality and Tourism COVID-19 Support Grant: Available to tourism or hospitality businesses that have a turnover of more than $75,000 and an annual Australian wages bill of below $10 million, as at July 1, 2020.

These business must have an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales.

Full criteria will be available in coming days on the Service NSW website.

28 Jun 2021

SINGLE TOUCH PAYROLL (STP) – closely held (related) payees

From 1 July 2021, amounts paid to closely held payees will need to be reported through STP. If you’re a small employer you can report these amounts on or before each payday, or you can choose to report this information quarterly.STP-closely held (related) payees

(STP) – CLOSELY HELD (RELATED) PAYEES

15 Jun 2021

Small business newsroom- Are you ready for tax time?

Are you ready for tax time?

13 May 2021

$1,500 Small Business Rebate Scheme opens

https://www.smallbusiness.nsw.gov.au/news/1500-small-business-rebate-scheme-opens

12 May 2021

Budget Summary 2021/22

2021.22 Budget Handout

21 Oct 2020

NEW INDIVIDUAL TAX RATES EFFECTIVE 13/10/2020

Changes to personal income tax thresholds announced by the Government during the Federal Budget have been incorporated into the withholding schedules and tax tables and will apply to payments made on and from 13 October 2020.

New Individual tax rates.gov.au/rates/tax-tables/