News
JobSaver changes for NSW small and medium sized businesses
Eligibility tests have been tightened around NSW Government JobSaver scheme.
Service NSW have emailed small and medium sized businesses to advise that they are now required to check their operations meet turnover eligibility criteria for every fortnight from September 10. This follows an extension of the scheme as COVID-19 lockdowns continue.
JobSaver payments provide businesses affected by lockdowns a sum worth 40 per cent of their weekly payroll up to a maximum of $100,000 a week on the basis they keep their workers on the books. It is available for businesses with an annual turnover from $75,000 to $250 million.
Eligible businesses are those who experienced a decline in turnover of 30 per cent or more due to public health orders locking them down to stop the spread of the latest Delta outbreak. This drop can be compared to the same period in 2019, 2020 or the two-week period before the lockdowns were put in place. Companies must also keep their employee headcount.
A spokesperson for NSW Treasurer, Dominic Perrottet, said: “There will be some leeway and a grace period granted, and we won’t be stopping payments while businesses get used to the process.
“As areas of NSW progressively come out of lockdown, and restrictions ease, more businesses will be able to return to normal operations. During this time we want to continue to support those that need help. There are no changes to the eligibility criteria for JobSaver beyond asking businesses to begin confirming they still require support.”
Contact TaxAssist Accountants for a free initial consultation and for help with any of the above.
Date published 13 Sep 2021
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