The NSW government has announced a suite of support measures for SMEs as part of the Economic Recovery Strategy.
‘The state government announced this week that it will provide a Summer Holiday Stock Guarantee for small and medium enterprises (SMEs) and will expand the Small Business Fees and Charges Rebate for all eligible small businesses.
This means that under the SME Summer Holiday Stock Guarantee, eligible businesses with an annual turnover between $75,000 and $50 million will be able to apply for a grant of up to $20,000 to compensate for loss of perishable stock, or claim $10,000 for reduced capacity to sell non-perishable items if a local lockdown occurs and they are impacted’
The Government has expanded the Small Business Fees & Charges Rebate for use until 30th June 2022.
The NSW Premier has advised that these measures are to provide businesses the confidence to open up and plan for the future.
“These measures will give businesses and workers confidence to purchase stock and invest for the future”
Do you fit these criteria?
As many businesses in NSW may be forced to shut their doors between 1st December & 31st January 2022 due to public health orders.
“Small businesses will now be able to claim road user tolls under the Small Business Fees and Charges Rebate, which is being increased from $1,500 to $2,000.
“The rebate can be used to offset NSW and local government fees and charges and adding tolls to the list of claimable charges is going to make a massive difference to many small business owners who use vehicles for work.”
If you are confused if you fit the criteria or not, please give me a call directly on 0429 363 047. Some of these extracts have been taken out of this story, link here. NSW government announces fresh support for businesses | MyBusiness
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
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