Business advice
and accounting

Our purpose is to help you on your journey as you grow. Learn more about our history, partners and purpose.

Our purpose is to help you on your journey as you grow. Learn more about our history, partners and purpose.

Your partners for Business Service and Advisory, Taxation, Audit, Business Valuation, Forensic Accounting, Fraud & Risk and Business Valuation Services.

Whatever your business, industry or family office, from local or international institutions we bring extensive expertise.

We're one team with a purpose and passion for what we do. Learn about our culture and career opportunities available to you.

Uncovering insights, trends and inspiration to help business grow in an ever-changing world.

We are always looking for ways to engage and give back to our community.

Telephone: +612 9283 1666
Email: admin@esvgroup.com.au

Level 13, 68 York Street,
Sydney NSW 2000

Why us

Our purpose is to help you on your journey as you grow. Learn more about our history, partners and purpose.

What we do

Your partners for Business Service and Advisory, Taxation, Audit, Business Valuation, Forensic Accounting, Fraud & Risk and Business Valuation Services.

Who do we help

Whatever your business, industry or family office, from local or international institutions we bring extensive expertise.

Work with us

We're one team with a purpose and passion for what we do. Learn about our culture and career opportunities available to you.

What we think

Uncovering insights, trends and inspiration to help business grow in an ever-changing world.

Working to give back

We are always looking for ways to engage and give back to our community.

Contact us

Telephone: +612 9283 1666
Email: admin@esvgroup.com.au

Level 13, 68 York Street,
Sydney NSW 2000

NSW Government - $10,000 Grant Announcement

3 April 2020

by David Prichard and Andrew Law

Grants for small business

The NSW Government has recently announced a number of stimulus packages relating to payroll tax waivers and deferrals for both medium and large businesses. Acknowledging that small businesses with no payroll tax liability cannot access these benefits, the NSW Government has today (3 April) announced a grant of $10,000 for small businesses.

Further details will become apparent in coming days, however the announced eligibility for businesses to access this grant is as follows:

  • Have between 1-19 employees and a turnover exceeding $75,000;
  • Have a payroll which doesn’t exceed the current NSW payroll tax threshold of $900,000;
  • Possess an ABN at 1 March 2020;
  • Be highly impacted by the Public Health Order released by NSW Health on 30 March 2020 – we note that the term “highly impacted” has not been defined as yet;
  • The grant funds must be used for unavoidable business costs – examples given in the announcement include utilities, overheads, legal costs and financial advice; and
  • Provide appropriate documentation upon application – we expect there to be further guidance on this, whether it be proof of reduction in revenue, or whether being in a particular industry will be sufficient for eligibility purposes (e.g. forced closures of pubs and clubs).

Applications must be made for the grant (ie not automatic) and will be required to be lodged through Service NSW. These grants will become available within the fortnight and remain open until 1 June 2020.

We are staying abreast of all updates from both the State and Federal Governments, so that when these stimulus packages are introduced as law, you will be armed with the necessary information to make suitable decisions for your business.

If you have any questions regarding eligibility, application processes or how the payments will be made and how to properly account for them to avoid future issues please contact your ESV Engagement Partner on 9273 1666 we are here to help.