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Our business advisors are keeping abreast of updates regarding support available for small businesses and not for profit organisations.

If your turnover after Christmas has been impacted by 40% of more as a result of the Omicron wave of COVID-19 and operate a business or not-for-profit organisation in NSW, you may be eligible for a payment under the recently announced Service NSW 2022 Small Business Support Program.

Eligible Employing Businesses and Not-For -Profit Organisations will receive 20% of their weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week and a maximum payment of $5,000 per week.

Weekly payroll is to be determined by referring the most recent Business Activity Statement (BAS) provided to the Australian Taxation Office (ATO) for a tax period that falls within the 2020–21 financial year.

Eligible Non-Employing Business will receive $2,000, being $500 per week for the month of February.

Eligibility

To be eligible for the 2022 Small Business Support Program, your business or not-for-profit organisation must:

• have an active Australian Business Number (ABN)
• have been operating in NSW on 1 January 2021
• have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 or 30 June 2020
• have experienced a decline in turnover of 40% or more due to the impacts of COVID-19:
  • during January 2022, compared to January 2021 or January 2020; or
  • from 1 to 14 February 2022, compared to the same fortnight in February 2021 or February 2020
• for employing businesses, maintain your employee headcount from 30 January 2022 to 28 February 2022
• for non-employing businesses, the business income must be the primary income source (50% or more of the total income) for the associated person.

How to apply for the 2022 Small Business Support Program

• Contact the CountPlus One team to check if you meet the eligibility criteria
• Have your documentation including the required Accountant’s Decline in Turnover Certificate and other evidence ready for uploading.
• Log onto your MyServiceNSW Account or https://www.service.nsw.gov.au/transaction/apply-2022-small-business-support-program.

If you require assistance with checking your business’ eligibility, please contact your CP1 adviser, or via [email protected] or 1300 360 186.