The NSW government has introduced another COVID-19 relief measure for small businesses. To assist businesses in NSW to recover from the impacts of COVID, eligible businesses can apply for a $1,500 rebate which can be offset against certain eligible expenses payable to NSW and local governments.
Once you have applied for and been approved for the rebate, the business will have a $1,500 credit with Service NSW. You can then make multiple claims for eligible expenses against the $1,500 until the amount has been fully utilised. The eligible expenses need to be paid between 1 March 2021 and 30 June 2022.
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 2020-2021 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.
- be registered for goods and services tax (GST).
- provide a declaration that the business has a turnover of at least $75,000 per year.
If your business meets these eligibility criteria, you can go ahead and apply for the rebate online using the below link:
https://www.service.nsw.gov.au/small-business-fees-and-charges-rebate
Some of the eligible NSW and local government fees and charges that can be claimed include, but are not limited to:
- food authority licences
- liquor licences
- tradesperson licences
- event fees
- outdoor seating fees
- council rates
- motor vehicle registration for business registered vehicles
For a full list of the eligible fees and charges that can be claimed, please follow the attached link:
https://www.service.nsw.gov.au/system/files/2021-04/eligible-fees-and-charges-small-business-rebate.pdf
If you have any questions regarding this rebate, or are unsure whether your small business qualifies for the rebate, please do not hesitate to contact your Accountant at PP Atkins & Co.
