Business Support & JobKeeper

Business Support Fund – Extension

To support businesses impacted by these restrictions, one-off grants will be made available to eligible businesses under the Victorian Government Business Support Fund – Expansion program:

• $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions.
• $5,000 for employing businesses in regional local government areas (except Mitchell Shire).

Businesses which have already received a Business Support Fund – Expansion grant of $5,000, or have applied for one, will not need to re-apply. Successful applicants will automatically receive this additional allocation of $5,000.

This program is in addition to the first round of the Business Support Fund, which closed on 1 June 2020.

Please contact our office if you need assistance with this application.

ATO Lodgement and Payment Deferrals

We can help with the following:

• ATO lodgement deferrals
• Altering GST reporting from quarterly to monthly
• ATO payment plans, including remission of general interest charges

JobKeeper Payments of $1,500

Available to all businesses including sole traders who will experience a downturn for the months of August and September.

We can enrol this month to receive your first payment in the first week of September. For those who are not already enrolled please contact our office if you require assistance. Enrolment can be done through your MyGov or ATO Business Portal or we can enrol on your behalf.

JobKeeper Payments from September Onwards

The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28 September 2020 and to $1,000 per fortnight from 4 January 2021. From 28 September 2020, lower payment rates will apply for employees and business participants that worked fewer than 20 hours per week.

From 28 September 2020, businesses and not-for-profits will be required to reassess their eligibility with reference to their actual GST turnover in the September 2020 quarter.

We are expecting more announcements for Victorian businesses in the coming weeks and will keep you updated, please stay safe.