• Peer Wealth

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


73 views0 comments

Recent Posts

See All

2017 SNB Business of The Year


Professional Services Award

Contact Information:

(02) 8014 7608


PO Box 444 Manly NSW 2095

Office Locations:

Peer Wealth Manly

Suite 202b, 39 East Esplanade

Manly NSW 2095

Peer Wealth Forster

Shop 2, 12 Wallis Street

Forster NSW 2428

Peer Wealth Pty Ltd is a Corporate Authorised Representative (Representative No, 001281977) ABN 24 115 294 463 of Futuro Financial Services Pty Ltd, Australian Financial Services Licensee (AFSL 238478)

Financial Services Guide

Privacy Policy

This website contains general advice only. You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Futuro Financial Services Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website.

Liability limited by a scheme approved under Professional Standards Legislation.* *Other than for the acts or omissions of financial services licensees.