COVID-19 Recovery $3000 grant for Small Businesses – We Can Help!

As Australia is starting to get back on its feet, businesses are once again starting to bring down the benches and opening their doors to dine-in customers. We understand the recent that the recent pandemic hit businesses hard. If your business is one of them, worry not because the New South Wales government is giving out recover grants ranging from $500 to $3000 to help out small businesses or not-for-profit enterprises. If you’re one or the other, read on to see how we can help ensure that $3000 grant for you.

Eligibility

First we need to find out if your business is eligible for the grant. Firstly, you need to be a small business or a not-for-profit organisation that is based anywhere in New South Wales. You need to have a registered ABN, and all your details are updated on the Australian Business Register – this is of utmost importance, because this will be greatly used to determine eligibility. Your business must employ not more than 20 full-time equivalent staff, but non-employing business can apply as well. Your 2019-2020 payroll tax threshold must be below $900,000, and must have experienced at least 30% decline in turnover from March to July 2020 compared to the equivalent period of at least two weeks in the previous year.

What You Need

If you can confirm your eligibility from the list above, you are well on your way to the $3000 grant. Before applying, you need to prepare the following: you need to have a working MyServiceNSW Account because that is where you will apply for the grant. You also need two proof of identity documents, which can be any of the following:

• Australian driver license
• Medicare card
• Australian passport
• Australian birth certificate
• Australian travel visa
• Australian citizenship certificate
• Australian certificate of registration by descent
• Australian ImmiCard

Once you are sure of your identification documents, make sure that you also have complete auditing requirements that Service NSW might request from you. This includes the following:

• prior BAS (Business Activity Statements)
• income tax declaration
• profit and loss statements
• extractions from an accounting software
• receipts and invoices from purchases.

Having these complete on hand makes it easier to show that you are eligible for the $3000 grant. Also, you will need to supply bank details should your business be accepted for the grant. After that, all you have to do is apply online, enter all the necessary information and documents, wait for the confirmation email, and hope for the best.

Where To Spend $3000

$3000 is a hefty sum and must be allocated wisely to different aspects of the business. The most obvious is putting up fit-out changes like plastic barriers at checkouts and putting out floor markers for social distancing. Staff will need to be trained, as well as acquisition of cleaning products and equipment to ensure public health measures.

However, what is most important is to let your loyal patrons and would-be customers that you are now open again for business by means of digital marketing and advertising. Putting up Facebook and Google Ads can help your brand the most, since you will get exposure without spending a fortune. You can promote your business’ reopening without having to go out of your place of operations. Everything is up to you.

We would be more than happy to assist you in compiling and preparing your application for the $3000 grant. We also have fantastic packages to jumpstart your online marketing and different digital solutions like setting up an e-commerce or business website. Drop us a line at info@thead.com.au or say hello at (02) 8080 2100 and we’ll try to figure out how we can be of service.