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Digital Service Providers (DSPs) have put together resources to assist businesses with determining whether they are eligible for grants or payments under the NSW Government's 2021 COVID-19 package for businesses.


These include:

  • 2021 COVID-19 Business Grant - one-off grant of $7,500, $10,500 or $15,000 for those that have experienced a decline in turnover over a minimum 2-week period from 26 June 2021 to 26 July 2021 compared to the same period in 2019. 
  • JobSaver - a cash boost of up to 40% of weekly payroll with a payment between $1,500 and $10,000 per week providing that staff levels have remained the same since 13 July 2021
  • Micro business grant - fortnightly payments of $1,500 for micro businesses with a turnover between $30,000 and $75,000 experiencing a 30% decline in turnover


Once your accounting or payroll software makes resources available, you can find information and links below.

Resources

MYOB:
Those using Essentials or AccountRight browser can use the Profit and Loss report functionality. This provides an analysis with different levels of detail, comparison to various time periods and built-in charts. Users can also consolidate multiple ledgers or change from cash or accrual depending on lodgement requirement.

How to use the Profit and Loss report.   



Reckon:
Reckon users can find information about the NSW 2021 COVID-19 Support Package and how they can determine their decline in revenue in Reckon Accounts (Desktop and Hosted) and Reckon One here. Information for other products can be found here:


Xero:
Xero has developed a COVID-19 Business Support tool to help qualified accountants and registered tax or BAS agents (as well as business owners) to quickly and easily determine grant eligibility. Read more here.     

CPA Australia:
CPA Australia have put together resources for the grants and business support currently available, including a detailed guide on the NSW COVID business support grant. Find more information here


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