JobSaver
This grant is available from 18 July for businesses with an annual turnover between $75,000 and $250million (from the financial year ending June 2020).
The maximum payment that will be given for this has been drastically increased from $10,000 to $100,000 a week.
Non-employing businesses can get access to $1,000 a week.
This money can be used to pay utilities, rent, financial and legal advice, as well as other business costs, not just wages and salaries. In order to be eligible, you must:
- Have an ABN
- Have turnover between $75,000 and $250million
- Have experienced a decline in turnover of more than 30% over a two-week period, due to public health orders.
Update to COVID-19 Disaster Payment
The amount for these payments is set to increase from the 5th to the 8th of August, depending on where you live. If you are missing one day of work per week the payment has increased from $375 to $450. If you have lost more than 20 hours of work in a given week, the payment has increased from $600 to $750.
The criteria for this payment remains the same as before, meaning that you need to be in an area impacted by the public health order lockdowns and have reduced hours at work as a result of this.
For more information or assistance please contact Infinite Accounting Solutions on 02 9899 4730 or via the contact page at www.ias-ca.com.au