NSW Government Small Business Grant & Payroll Tax Rebate Scheme

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Did you know that as a small business there are two grants immediately available to you from the NSW Government?  Both the Small Business Grant and the Payroll Tax Rebate Scheme, are designed to give you an incentive to employ new workers.

 

The Small Business Grant is a key priority of the New South Wales Government. The grant is designed to encourage the nearly 650,000 small businesses in New South Wales that do not pay payroll tax to hire new employees and expand their business.

 

The Small Business Grant of $2000 is available for businesses that employ new people starting 1/7/15. The grant is available between 1/7/15 and 1/7/2019 and the employee has to be employed for at least a year. The business should not have a payroll tax liability.

 

Further details can be located at the NSW Office of State Revenue website, by clicking the image below.

Small Business Grant

 

Do you pay payroll tax?

For businesses that do pay payroll tax and employ new people there is a separate rebate. The person needs to be employed for 2 years (it starts from 1/7/11) and the rebate is $5000. It can be backdated.

 

Further details can be located at the NSW Office of State Revenue website, by clicking the image below.

Payroll Tax Grant

Clive Nelson – Senior Partner, Chan & Naylor Parramatta

Clive Nelson

Disclaimer: This article contains general information. Before you make any financial or investment decision you should seek professional advice to take into account your individual objectives, financial situation and individual needs.

 

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