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Hire employees and receive either $2000 or $6000

Updated: May 8, 2019

Not many businesses know but if you have been increasing your headcount, you could be entitled to a NSW government grant. If you are a small business (not registered for payroll tax) you could receive $2,000. If you are not a small business (you are registered for payroll tax) you could receive $6,000 (as a payroll tax rebate). Yes there is criteria. But it’s not hard to pass. For small businesses, see below the criteria: 1. Your business needs to be a small business (need an ABN, must be under the payroll threshold) 2. Employee must be hired for a new job 3. Employment commences between 1 July 2015 and 1 July 2019 4. Employment maintained for the minimum employment period (being 1 year since their start date) 5. The employee’s services must be performed wholly (or mainly) in NSW For larger businesses, see below the criteria: 1. Employer must be registered and already paying Payroll Tax in NSW 2. Employee must be hired for a new job 3. For part timers, the rebate is pro-rated 4. The rebates are not applicable before 1 July 2011 5. Employment maintained for the minimum employment period (being 2 years for the full rebate) 6. The employer cannot go over the 50-employee threshold There are a few more things that might apply to your situation but the above will give you an idea of whether you need to look into this or not. For a link to the Revenue NSW website containing this information, see below:

Small businesses: http://www.revenue.nsw.gov.au/grants/sbg

Larger businesses: http://www.revenue.nsw.gov.au/taxes/payroll/jap


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