If you're within the payroll tax threshold, and intend to increase the number of full time, part-time and/or casual workers in your business, you may be able to register for the Small Business Grant.
The grant is designed to encourage small businesses to expand their business in NSW, and applies to new jobs created on or after 1 July 2015 and before 1 July 2019.
If your application is approved you'll be able to claim for a grant for each additional NSW employee in a new position, on the anniversary date of their employment.
What you'll need
- your ABN
- evidence of the total wages you paid in the previous financial year
- your business and postal address
- contact details, including phone number and email address
- details of the new job, including the job title and start date
- the new employee’s personal details
- number of existing employees working before the new job was filled
- number of hours worked per week by all employees working less than 35 hours per week
- number of full time equivalent (FTE) employees immediately before the new job was filled. The NSW FTE employee number is the total paid hours worked by all NSW employees (full-time, part-time and casual) during a week, divided by the average hours worked by a full-time employee
- your FTE number which you can calculate manually, or have calculated by Revenue NSW, based on your answers to some of the online questions.
How to register
- Check the eligibility requirements.
- Select the ‘Register online’ button.
- Complete the registration details.
- Confirm how you want your FTE number calculated.
- Complete the form.
To be eligible for the grant your business must:
- have an active ABN
- not exceed the payroll tax threshold for the financial year.
The new position you intend to claim the grant for must meet the following conditions:
- a person is employed in the position, and it is a new job
- the employment commences on or after 1 July 2015 and before 1 July 2019
- the employment is maintained for a period of 12 months
- the number of (FTE) employees you had, prior to creating the new position, must increase and be maintained over a 12 month period
- the employee performs work wholly or mainly in NSW.
Things to keep in mind...
- You need to register at least one new job to submit your online application for the grant.
- You have 60 days after the employment begins to register.
- Once you've chosen your method of FTE calculation, use it for each additional new job you enter. If you want to change the method, you'll need to contact Revenue NSW's online services.