It has been a tough year and a half for many small businesses, especially in Australia. And as a seemingly endless wave of lockdowns grapples the country, business owners are looking for support. That’s why the country has unveiled a variety of COVID-19 grants, and why EMPOWER is offering FREE bookkeeping services to help your business not just stay afloat, but also save money, make money, and increase your profits during these difficult times.
COVID-19 Grants In Australia
Let’s cut right to it. Your business has suffered during this unprecedented global crisis. And you’re not alone. But did you know the government is offering a number of grants to help you get back on your feet? Let’s see what’s available!
Cash Flow Boost For Employers
This program provides eligible employers with cold-hard-cash to help weather the impact of this devastating pandemic. Small to medium-sized businesses and non-profits which qualify for this program can receive as much as $15,000 in boosted cash flow.
Three different grant amounts will be available depending on the decline in turnover experienced over a minimum 2-week period from 26 June 2021 to 17 July 2021, compared to the same period in 2019:
$7,500 for a decline of 30% or more
$10,500 for a decline of 50% or more
$15,000 for a decline of 70% or more.
Book a session with EMPOWER to see if your business is eligible
JobMaker Hiring Credit
The JobMaker hiring credit is a credit scheme designed to incentivise the employment of young jobseekers. It will allow businesses to collect payments for each employee hired starting from October 2020. All you need to do is register!
Learn how EMPOWER can help you navigate this process
Apprenticeship Wage Subsidy
This is another exciting program created to incentivize businesses to take on new apprentices and trainees in order to build a foundation for sustained economic recovery. Qualified businesses who hire Australian apprentices could receive a subsidy of as much as 50 percent of that apprentice’s wages through this program.
Find out how EMPOWER can help you make the most of this program
As you can see, there are a number of beneficial COVID-19 grants and programs that can help your business not only lower costs but also increase your profits, and most importantly keep your business afloat.
These grants are only the tip of the iceberg, as well. There are also programs that offer rent relief, utilities relief, and much, much more.
From bookkeeping services to cash flow coaching and cost management during periods of lockdown, EMPOWER can help your business navigate these difficult times.
Click here to book a free session with EMPOWER to get started today