Further Support Announced for Small Business From July 1

June 30, 2020

The NSW Government has announced further support for small businesses struggling with the challenges brought forward by COVID-19.

From July 1, the tax-free threshhold for payroll tax will be increased from $900,000 to $1 million, saving these small businesses up to $5,450 per year.

This tax relief follows last month’s announcement of a Small Business Recovery Grant, which offers eligible businesses up to $3,000 to assist businesses safely reopening their doors.

See the full media release below.

About RE:NSW

In response to both the global COVID-19 pandemic and recent bushfire disaster, there are a range of resources being distributed by a variety of local, state and national organisations. Destination Southern NSW and Destination Sydney Surrounds South are gathering this information together on RE:NSW to assist tourism operators to respond, recover and renew their businesses and local tourism region during and after the impact of these events.

 

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