COVID 19 – Support Available for Sole Traders, Employers & Companies

Covid-19- Support available for Sole Traders

If you are a Sole Trader with No Employees you are eligible for:

• The increased instant asset write-off
• Backing Business Investment (BBI)
• Increased and accelerated income support
• Assistance for affected regions, communities and industries
• SME Guarantee Scheme
• Early access to superannuation
• Tax support

The link below has further information for Sole Traders

https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/support-available-for-sole-traders

Covid-19- Support available for Employers

If you employ staff, you may be eligible for:

• Temporary cash flow support
• Assistance to help pay the wages of apprentices or trainees
• Casual employees

The link below has further information for Employers

https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/employers

Covid-19- Support available for Companies

If you run a company and do not employ any staff you are eligible for:

• Temporary relief for financially distressed businesses
• The increased instant asset write-off
• Accelerated depreciation deduction arrangements
• Increased and accelerated income support
• Assistance for affected regions, communities and industries
• Tax support
• SME Guarantee Scheme

The link below has further information for Companies

https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/companies

For further information regular updates click on the below link, it’s a government page which seems to be updating announcements as they are being made.

https://www.business.gov.au/Risk-management/Emergency-management/Coronavirus-information-and-support-for-business