If you know me at all you know I love free stuff… But I think it’s safe to say we all love free money don’t we?
The Office of State Revenue (OSR) is currently doing just that… giving away Grants to small business registered and unregistered for Payroll Tax.
Why? The NSW Government is to encourage small businesses to engage new employees and expand their businesses.
Are you eligible? If you have an active ABN and have hired any new employees (FT or casual) from 31st July 2016 then yes!
The catch? The employee needs to be registered within 90 days of employment commencement via the OSR and retain employment for 12 months (or 24 if registered for Payroll Tax) to receive the full benefit of the grant.
Show me the money…! So what do you get? On the 1 year anniversary of employment a $2000 rebate is paid (for both Payroll Tax registered and those who don’t exceed the threshold) and an additional $4000 on the second anniversary for Payroll Tax registered employers only. For every Full Time employee the full grant is received and on a pro rata basis for Casual or Part Time employees.
Want more information or to register your new staff?
PAYROLL TAX REGISTERED
NOT PAYROLL TAX REGISTERED
Need help registering or not sure if you or your new employees are eligible? Get in touch here to chat!