A stimulus package of $114 million, in measures to support Western Australia’s small and medium businesses, has been announced.
For further details on these changes to payroll tax, please visit the Jobs and Skills WA website
A dedicated small business assistance service is now available through the Small Business Development Corporation (SBDC). Businesses can access support services and assistance regarding these financial stimulus measures, as well as other advice – online and over the phone – to help manage the impact of COVID-19. There is also a range of useful information and resources on the SBDC website.
P: 133 140 (8.30 am to 4.30 pm weekdays)
E: info@smallbusiness.wa.gov.au
The Commonwealth Government has also announced a $189 billion stimulus package to support the Australian economy through the challenges of COVID-19. The package provides measures to support and assist small and medium businesses to manage cash flow challenges and retain their employees, including apprentices and trainees.
Two key measures have been announced;
The Boosting Cash Flow for Employers measure will provide up to $100,000 back to small and medium-sized business, with a minimum payment of $20,000 for eligible businesses. The payment will provide temporary cash flow support to small and medium businesses that employ staff. The payment will be tax free.
Eligible employers can apply for a wage subsidy of 50 per cent of the wages paid to an apprentice or trainee during the nine months from 1 January 2020 to 30 September 2020. Employers will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter).
For further details on these measures, and other financial support available for WA businesses, please visit the Jobs and Skills WA website