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Small Business Grants – COVID 19 support

Small Business Grants - COVID 19 Assistance

Covid-19 Business Support Grants

 This page will be updated as new grants become available specifically for covid-19 support. These are not subsidies, but grants that you must apply for. I am offering assistance to apply and also submit your acquittal after your grant period has completed. Normally Grants Application and assistance comes at a fee. I am offering this for free so that businesses can take full advantage of the funds available to them. Reach out if you fit the criteria to discuss what you may like to use the grant for. 

Queensland – Small Business Adaption Grant Program

 

https://www.business.qld.gov.au/starting-business/advice-support/grants/adaption

Eligibility criteria

To be eligible, the business must:

  • have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland’s Chief Health Officer on 23 March 2020
  • demonstrate that business revenue has been significantly impacted since 23 March 2020 over a minimum 1-month period due to the onset and management of COVID-19
  • employ staff and have fewer than 20 employees at the time of applying for the grant
  • have a valid Australian Business Number (ABN) active as at 23 March 2020
  • be registered for GST
  • have a Queensland headquarters
  • have an annual turnover over $75,000 for the last financial year
  • have a payroll of less than $1.3 million
  • not be insolvent or have owners/directors that are an undischarged bankrupt.

Only 1 application will be accepted from an individual ABN or a financial beneficiary of a business

New South Wales – Small Business Covid-19 Support Grant

 

https://www.service.nsw.gov.au/small-business-covid-19-support-grant-guidelines

 

Eligibility criteria

3.1 Small business owners and non-profit organisations are eligible for a grant of up to $10,000 if they:

  • have between 1-19 employees and an annual turnover of more than $75,000;
  • have total Australian wages below the NSW Government 2019-20 payroll tax threshold of $900,000;
  • have an Australian Business Number as at 1 March 2020, based in NSW and employ staff as at 1 March 2020;
  • are highly impacted by the NSW Government COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020, defined as a decline in turnover of 75 per cent compared to the equivalent period (of at least two weeks) in 2019; and
  • have unavoidable business costs not otherwise the subject of other NSW and Commonwealth Government financial assistance measures.

3.2 While non-employing businesses are not eligible for funding through this program, they may seek support through the Commonwealth Government’s Job Seeker Payment Program.

Victoria – Business Support Fund

 

https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-support-fund

 

Eligibility

To be eligible, applicants must:

South Australia –

Emergency Cash Grants for Small Businesses

 

https://www.treasury.sa.gov.au/Growing-South-Australia/COVID-19/$10,000-emergency-cash-grants-for-small-businesses

Eligibility

To be eligible, businesses and not-for-profits including eligible sporting and community organisations will need to:

  • Have an Australian Business Number (ABN) and were carrying on the operation of a business in South Australia as at 1 March 2020
  • Employ people in South Australia as at 1 March 2020
  • Have an annual turnover of more than $75,000 (excluding GST)
  • Have total Australian payroll of less than $1.5 million, and not be entitled to a payroll tax waiver under COVID-19 support measures introduced by the South Australian Government
  • Have been subject to closure or highly adversely impacted by COVID‑19 related restrictions ^
  • The enterprise does not engage in illegal activity.

If:

  • The business has received any South Australian Government grants provided to address COVID-19 related business impacts, the value of these payment(s) will be deducted from the $10,000 grant.
  • The business is part of a group of companies that is registered for payroll tax and will receive the payroll tax waiver, the business is ineligible for this grant.

How to Apply for JobKeeper Payment

How to apply for the JobKeeper Payment

JobKeeper Extended

Here are the key takeaways you need to know:
No Changes to existing payments due to end on Sept 27th 2020
To continue on payments from September 28th you will need to be re-assessed as still suffering 30% downturn in turnover in both the march quarter and September quarter (check the fact sheet for additional info)
Payments from Sept 28th 2020 to Jan 3rd 2021 will be paid at stepped down rates:
? $1,200 per fortnight for all eligible employees who, in
the four weeks of pay periods before 1 March 2020, were
working in the business or not-for-profit for 20 hours or
more a week on average, and for eligible business
participants who were actively engaged in the
business for 20 hours or more per week on average in
the month of February 2020.
? $750 per fortnight for eligible employees & business
participants who worked less than 20 hours in the 4
weeks prior to 1 March 2020.
You need to be assessed again in Jan 2021 to continue to receive payments until March 2021 (30% downturn rules apply again)
Payments from 4 January 2021 to 28 March 2021 will be paid at stepped down rates:
? $1,000 per fortnight for all eligible employees who, in
the four weeks of pay periods before 1 March 2020, were
working in the business or not-for-profit for 20 hours or
more a week on average, and for eligible business
participants who were actively engaged in the
business for 20 hours or more per week on average in
the month of February 2020.
? $650 per fortnight for eligible employees & business
participants who worked less than 20 hours in the 4
weeks prior to 1 March 2020.
Make sure you check the fact sheet for more info on proving the downturn in turnover:https://treasury.gov.au/sites/default/files/2020-07/Fact_sheet-JobKeeper_Payment_extension.pdf?

Applying for the JobKeeper Payment

 

Follow the steps in the video below to apply for the JobKeeper Payment. If you are unsure if you are eligible, or how to access the Business Portal, there are videos below.

Are you eligible for the JobKeeper Payment?

 

In this video, I talk about the eligibility criteria and the process of paying your employees.

Alternative Turnover Test Rules

 

Were you not trading this time last year? Or were you drought-declared or in a natural disaster last year not now you don’t meet the Turnover tests for Job Keeper? There are now Alternative Tests for 7 different scenarios. I got over all 7 in this video.

Monthly Declaration

 

Each month you must lodge a declaration showing your total number of employees, your turnover the past month, and projected turnover for the next month. You do not need to include the JobKeeper amounts in your turnover. 

Getting access to the Business Portal

https://bp.ato.gov.au/

If you are still unsure of any grants, subsidies or payments you may be eligible for, please Contact Me and I will gladly help. Or join The Healthy Entrepreneur Action Takers group on Facebook for more helpful videos.

Business Grants Masterclass

Masterclass Week 1 - Business Grants