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.
Eligibility 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. Other Support
If you require assistance, or are unsure if your business qualifies, please contact GrowBC - contact@growbc.com.au Paul Griffiths CA CTA
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AuthorPaul Griffiths is a Chartered Accountant with over 20 years assisting Australian Small Businesses with income tax, succession and tax planning matters. |