The 2022 Small Business Support Program is designed to help businesses survive the immediate impact of the Omicron COVID-19 strain. It is for the month of February 2022 only.
Eligible employing businesses and not-for-profit organisations will receive 20% of their weekly payroll as a lump sum for the month of February 2022, with a minimum payment of $750 per week and a maximum payment of $5,000 per week.
Non-employing businesses will receive $500 per week, paid as a lump sum of $2,000.
Businesses with a turnover of between $75,000 and $50 million that experienced a minimum 40% decline in turnover in January 2022, and in the first fortnight of February 2022, will be eligible to apply.
Please see link to the ‘Apply for the 2022 Small Business Support Program’ webpage: https://www.service.nsw.gov.au/transaction/apply-2022-small-business-support-program#documents
Secondly, a link to ‘2022 Small Business Support Program – Guidelines’ https://www.service.nsw.gov.au/2022-small-business-support-program-guidelines
The program is very similar to the JobSaver Program Grants provided last year with the main difference being that a 40% reduction in turnover is required rather than 30%.
You can submit your applications via the your business’s Service NSW login. Here is a link regarding how you can create one of these, if required: https://mybusiness.service.nsw.gov.au/business-profile
Roberts and Morrow can be contacted to provide an Accountants Letter for your application to verify the 40% drop in turnover, if required. Contact our team today for expert help and advice firstname.lastname@example.org.
Applications close on 31 March, 2022.
**The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.