R&D Tax Incentive, Startups

Is Your NSW Business Entitled to the $1500 Rebate?

NSW small business

As part of the COVID recovery program, the NSW government’s Small Business Fees and Charges Rebate can help you with the cost of state and local government fees and charges you’ve incurred since 1st March 2021.

Many businesses have been hit hard by the circumstances and difficulties resulting from COVID-19. Recognizing this, in an effort to encourage recovery and growth of the economy, the NSW government has reduced the cost of running a business with the introduction of a Small Business Fees and Charges Rebate of $1500. Eligible businesses or not-for-profits only need to apply for the rebate once, but can submit multiple claims until the full value of $1500 is reached.

The rebate, which will be available until 30th June 2022, can be used to offset the costs of eligible NSW and local government fees and charges such as food authority licences, liquor licences, tradesperson licences, event fees, outdoor seating fees, and council rates, among other things.

The main eligibility requirements are that the small business or not-for-profit organisation satisfies the following:

– has total Australian wages below the NSW Government 2020-2021 payroll tax threshold of $1.2 million
– has an ABN registered in NSW and/or business premises physically located and operating in NSW
– must be registered for GST (not applicable for not-for-profit organisations)
– must provide a declaration that the business has a turnover of at least $75,000 per year.

Each time you make a claim you’ll need to supply supporting documentation in the form of invoices/receipts showing payment of the eligible fees or charges.

If you’re a small business owner you know you need the best advice to keep moving onward and upward. Fullstack has the knowledge and expertise to keep you on the right path by ensuring you receive the right advice and all the grants, incentives, and rebates you’re entitled to. Reach out to us here.

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