The government has announced a relief package for organisations impacted by the Coronavirus, and if you’re a sole trader or freelancer in the event industry, you may be eligible for the below.
If you’re a sole trader and do not employ staff, there a couple of longer-term relief measures that you will be eligible for:
- The increased instant asset write-off measures
- The accelerated depreciation deduction arrangements
For more immediate issues, the ATO have put up a page on their website offering to listen to your circumstances and work out a solution. This isn’t their standard terms, this a direct response to the pandemic.
- Tax relief, provided on a case-by-case basis by the ATO, call the ATO’s Emergency Support Infoline on 1800 806 218.
State and territory governments also have their own support for small businesses. For example, Queensland has set aside $500 million in relief loans that you can apply for to keep staff employed. Plus, the opportunity to defer payroll tax.
In NSW, you may be able to get 25 percent of your payroll tax waived, and in South Australia, you may be able to get up to $25,000 in cash flow assistance.
- Here are the direct links to the pages on each government’s website that list relief and help that is currently available (these will be subject to change): QLD, NSW, VIC, SA, WA, NT and TAS. The ACT’s will be released later this week.
We will provide you with more information as it becomes available. You may also find the Australian Small Business and Family Enterprise Ombudsman’s series of videos useful.
