Late on Friday afternoon of 11th September, we along with the whole accounting community came to know that Service NSW had taken a decision to stop all JobSaver and Micro Business Grant payments till businesses do a re-test of drop in turnover. Thankfully a swift and cohesive action by accounting bodies resulted in Service NSW backtracking and delaying this re-test requirement by two weeks.
What does it mean for Jobsaver and Micro-Business Grant applicants?
What about following periods?
Accounting bodies are aware of the financial and mental stress this policy change brings to the businesses and their accountants and are discussing alternative pathways. We will update as and when we get to know more.
Meanwhile, let's hope the lockdown finishes as planned, and we can get back to some normalcy in life. Get Jabbed! Get Freedom!
For more information on JobSaver, click here.
As usual, please contact us should you need our assistance.
Join MGAA's Community