The new Small Business Recovery Grant valued up to $3,000 is now open for applicants to help you rebuild your business. This grant helps small business get back to business by meeting the costs of safely reopening or up scaling operations.
What is a Small Business Recovery Grant?
If you’re a small business owner or not-for-profit organisation in an industry that’s been highly impacted by COVID-19 you may be eligible for this grant. You can use it to cover:
- fit-out changes and temporary physical changes (for example, plastic barriers at checkouts)
- staff training and counselling
- business advice and continuity planning
- cleaning products and additional cleaning services
- additional equipment necessary to comply with social distancing or other public health measures
- marketing, communications and advertising
- digital solutions (for example, e-commerce or business websites).
Note: This grant can only be used for purchases of eligible expenses made from 1 July 2020, and only where no other government support is available. If you have received a COVID-19 small business support grant of up to $10,000, you may also be eligible to apply for the $3,000 COVID-19 small business recovery grant.
Applications close, Sunday 16 August 2020
Who is eligible?
To be eligible for this grant, you must as at 1 March 2020:
- be a small business or a not-for-profit organisation based in NSW
- have an ABN registered in NSW (make sure all your business details are up to date on the Australian Business Register - this is used to determine eligibility)
- have an annual turnover of more than $75,000 (a Business Activity Statement must be provided as evidence).
Where a small business does not submit a BAS to the Australian Tax Office, and meets all other criteria, the small business should contact Service NSW to discuss further. In these cases, an income tax declaration may be accepted as evidence of an annual turnover of $75,000.
- employ less than 20 full-time equivalent (FTE) staff (non-employing businesses can apply)
- be able to report a payroll below the NSW 2019-2020 payroll tax threshold of $900,000
- be in a highly impacted industry by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 (see guidelines)
- have experienced at least 30% decline in turnover from March to July 2020 compared to the equivalent period (of at least 2 weeks) in 2019
- have costs associated with safely reopening or up-scaling your business from 1 July 2020.
Azure Group centres of Excellence
To manage the ongoing technical issues for all of our clients including the JobKeeper eligibility and payments plus other Stimulus measures and the Fair Work changes Azure Group have established the following two centres of excellence:
- COVID-19 Stimulus Centre of Excellence; and
- Fair Work Centre of Excellence.
Each of the above centres of excellence has a dedicated team of technical specialists. If you have any specific questions about these measures please contact our centres of excellence via email: firstname.lastname@example.org
Extension of JobKeeper and Loan Scheme, published July 23, 2020
You can still Raise Capital in 2020, published July 08, 2020
Did you apply for the NSW $3,000 Small Business Recovery Grant, published July 07, 2020
Things to consider when withdrawing Super before and after June 30, published June 26, 2020
Consider your timing when paying Bonuses to Employees, published June 25, 2020
How will COVID-19 affect your End of Financial Year Tax return?, published June 15, 2020
Is your business Tax ready for EOFY?, published June 11, 2020
COVID-19: 5 Steps Plan to surviving the next 6 month as a business, published June 02, 2020
COVID-19: How to motivate your team while working remotely?, published May 18, 2020
Expanding globally during COVID-19: Risky business or perfect timing?, published May 07, 2020
Cashflow is a lifeblood of your Business, especially during a pandemic such as Coronavirus, published April 22, 2020
Finding opportunities in a crisis and how to recover on the other side of COVID-19?, published April 20, 2020
COVID-19: What does 'Standing Down my team' mean to my Business?, published April 16, 2020
Working from home during Coronavirus: What expenses are Tax Deductible?, published April 9, 2020
COVID-19: EMDG extra funding of $49.8 million to help Exporters, published April 7, 2020
Startups and Scaleups: R&D Tax Incentive FY2019 deadline extended due to Coronavirus, published April 6, 2020
What is the difference between JobSeeker and JobKeeper? Do you know what you're eligible for?, published April 2, 2020
Should you do Business Planning during CoVID-19?, published 27 Mar, 2020
A second CoVID-19 Stimulus for Businesses, published Mar 24, 2020
Financial relief for business experiencing difficulty due to CoVID-19 and State Government Support, published Mar 21, 2020
What are the benefits of Coronavirus Stimulus Package for businesses?, published Mar 13, 2020
Have you noticed our #FridayExpertTips... here's one that relates to #CoVID-19: Business Planning
"In times of crisis we often focus on ourselves and our own issues. However, in order to fully understand the long and short term impacts on your business, you have to understand the impact on those around you – your team, business partners, customers, industry, niche... and adjust accordingly."