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COVID-19 Business Support

TAS: Interest-Free Business Loans

Summary

The Tasmanian Government has allocated $20 million in interest-free loans to small businesses in the hospitality, tourism, seafood production, exports sectors, and other businesses that have been severely affected by the Covid-19 pandemic. The loans will be available to businesses with a turnover of less than $10 million for business continuity, equipment purchase, improving online shopping and distribution channels, and other sustainability and viability measures. The loan amount starts from $20,000 up to a maximum of $250,000, and is interest free for the first 3 years.

The Tasmanian Government has allocated $20 million in interest-free loans to small businesses in the hospitality, tourism, seafood production, exports sectors, and other businesses that have been severely affected by the Covid-19 pandemic.

The loans will be available to businesses with a turnover of less than $10 million for business continuity, equipment purchase, improving online shopping and distribution channels, and other sustainability and viability measures.

The loan amount starts from $20,000 up to a maximum of $250,000, and is interest free for the first 3 years.

For more information on the $20 million Small Business Loans, contact Business Tasmania on 1800 440 026.

TAS: Interest-Free Business Loans TAS: Interest-Free Business Loans <p> The Tasmanian Government has allocated $20 million in interest-free loans to small businesses in the hospitality, tourism, seafood production, exports sectors, and other businesses that have been severely affected by the Covid-19 pandemic. </p> <p> The loans will be available to businesses with a turnover of less than $10 million for business continuity, equipment purchase, improving online shopping and distribution channels, and other sustainability and viability measures. </p> <p> The loan amount starts from $20,000 up to a maximum of $250,000, and is interest free for the first 3 years. </p> P445 https://www.savvysme.com.au/marketplace/images/detailed/1/blob_oqeg-qd.png
TAS: Payroll Tax Waiver <p> <strong>Employers in the Hospitality, Tourism, and Seafood industries will not be required to lodge payroll tax returns for March, April and May 2020.</strong> </p> <p> The Annual Adjustment Return (AAR) for 2019-20 is still required to be lodged by 21 July 2020. For that AAR, the State Government’s recently-announced waiver of payroll tax for relevant wages for the months of March, April, May and June will apply. </p> <p> <strong>Employers (individual/groups) with Australian Group Wages of up to $5.0 million annually</strong> </p> <ul> <li>Approved applicants (who demonstrate that their business is affected by Coronavirus) will not be required to lodge payroll tax returns for March, April and May 2020.</li> <li>The Annual Adjustment Return (AAR) for 2019-20 is still required to be lodged by 21 July 2020. For that AAR, the State Government’s recently-announced waiver of payroll tax for relevant wages for the months of March, April and May will apply.</li> <li>One-year rebate for employers who pay payroll tax and employ new youth employees aged 24 years and under.</li> <li>The Commissioner of State Revenue will administer the Rebate Scheme recently announced by the State Government.</li> <li>The Commissioner will issue more details directly to employers, including eligibility criteria and the application process, in due course.</li> </ul> P446 0 2020-09-19
TAS: Targeted Small Business Grants Program for Apprenticeships and Traineeships (Up to $5,000) <p> This grant provides subsidies to small businesses in building, construction, tourism, hospitality and manufacturing if they hire a new apprentice or trainee. </p> <p> Subsidies of up to $5,000 are provided for each apprentice or trainee employed on a full-time basis, and $2,500 for each apprentice or trainee employed on a part-time basis. </p> <p> Subsidies are provided in two equal payments 6 months and 12 months after the commencement of the training contract of the new apprentice or trainee. </p> <p> <strong>To be eligible, you must:</strong> </p> <ul> <li>undertake activity in one of the nominated target industries as your main business activity</li> <li>not be liable to pay Payroll Tax to the Commissioner of State Revenue for the individual apprentice or trainee within the financial year that the application is lodged</li> <li>employ the apprentice or trainee in a workplace physically located in Tasmania</li> </ul> P447 0 2020-09-19
0 2020-09-19