From 20 July 2020, thousands of Western Australian small to medium sized businesses will begin receiving a one-off grant of $17,500 from the WA Government to help them recover from the impacts of COVID-19.
Businesses with a payroll between $1M and $4M that are registered for payroll tax will be eligible for the grant, which is automatically sent to all qualifying businesses.
Eligibility for employers not registered for payroll tax in 2018-2019 will be determined on their reconciled 2019-2020 Australian taxable wages. With the grants paid after the Annual Payroll Summary has been lodged.
If you require assistance, or are unsure if your business qualifies, please contact GrowBC - email@example.com
Paul Griffiths CA CTA
Paul Griffiths is a Chartered Accountant with over 20 years assisting Australian Small Businesses with income tax, succession and tax planning matters.