If you have national wages of less than $1.2m, you might want to consider the Small Business Fees and Charges Rebate NSW before applications close 24th June 2022.
We wanted to make sure you haven't missed out applying by 24th June to ensure you can claim eligible fees and charges before the rebate closes on 30 June 2022.
if you're a sole trader, the owner of a small business or a not-for-profit organisation in NSW, you may be eligible for a Small Business Fees and Charges Rebate of $3,000. This rebate helps businesses recover from the impacts of COVID-19 and encourages growth by reducing the cost of running a business.
You can apply for the rebate through Service NSW.
Introduction
Eligible businesses or not-for-profits only need to apply for the rebate once, but can submit multiple claims until the full value of $3,000 is reached.
Funds can be used to offset the costs of eligible NSW and local government fees and charges due and paid from 1 March 2021. These include, but are not limited to:
- Food and authority licenses
- Liquor licenses
- Trades person licenses
- Event fees
- Outdoor seating fees
- Council rates
- Road user tolls for business use
View the full list of eligible fees and charges here.
Employing businesses can now claim 50% of the cost of COVID-19 rapid antigen tests (RATs) up to the full rebate value of $3,000 to help them assist their workers to test when required. The rebate cannot be used for fines or penalties, fees and charges that have the key purpose of discouraging behaviours or inducing behaviour changes, Commonwealth government charges, rent on government premises, or taxes.
Note. If you've already registered for the rebate, you do not need to do anything – you will receive an automatic $1,000 increase to your rebate. Businesses newly registering will have a rebate of $3,000.
Business Eligibility
To be eligible for this rebate, small businesses (including non-employing sole traders) and not-for-profit organisations must:
- Have total Australian wages below the NSW Government 2020–21 payroll tax threshold of $1.2 million.
- Have an Australian Business Number (ABN) registered in NSW and/or have business premises physically located and operating in NSW.
Note. Only one $3,000 rebate is available for each ABN.
Important Dates
- Eligible businesses and not-for-profit organisations have until 24th June 2022 to apply for the Rebate.
- You can submit claims for eligible fees and charges until 30thJune 2022.
For more information about the Rebate please visit Service NSW.
Have you noticed our #EOFYTaxTips... here's one that relates to #Taxation
"This year consider your COVID-19 related expenditure as these items are most likely be tax deductible other than travel to/from a clinic for testing and vaccinations."
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