We know that many of our client’s businesses continue to be impacted by lockdown and we all look forward to the easing of restrictions in the coming weeks. The NSW Government has further announced the extension of JobSaver and the Micro-Business Grant, however, to ensure that only businesses in genuine need continue to receive the funding, they have introduced a fortnightly reconfirmation requirement.
If you have already applied for the JobSaver payment scheme or Micro-Business Grant you may have recently received an email from Service NSW regarding your business’ ongoing eligibility for payments.
Businesses will need to reconfirm eligibility to continue to receive payments at the end of each fortnight, commencing
If you have not yet applied for the JobSaver payment scheme or the Micro-Business Grant, we recommend you do so as soon as possible.
To remain eligible, you must be currently receiving the JobSaver payment or Micro-Business Grant and you must confirm that:
Following the end of every fortnight you will need to assess if your business is still experiencing a 30% downturn.
You will also need to confirm that you have maintained your employee headcount by providing service NSW with your head count each fortnight.
This will be lodged in your ‘Business Profile’ through Service NSW.
Please note that this is not a once off test. Due to eligibility being reconfirmed each fortnight, you can exit and re-enter the JobSaver and Micro-Business grant multiple times. This does not require a reapplication.
When assessing your decline in turnover, you must use the same comparison period as was used in your original application, however, there are a couple of options when assessing:
Note, that once you select your comparison period option, you must retain this option for all reassessments.
If you would like to handle the reconfirmation process yourself, you will need to compare your turnover each fortnight to assess if your business is still experiencing a 30% or more decline. You must ensure that you use the correct comparison period, being:
Please refer to the accountant’s letter we previously provided you to confirm what comparison period was used.
There is no obligation to upload any evidence or documentation when reconfirming eligibility, however you must retain sufficient records to show evidence of your eligibility, if required.
At the end of
each fortnight, you will need to ensure that your accounting software is reconciled and up to date. We will remind you of this. If you could please notify us once this is done.
We will then review your ongoing eligibility and provide you with an email detailing if your business has continued to experience a decline in turnover of 30% or more over the past fortnight.
As you may not have processed your payroll during this time, you will need to input your employee headcount figure into the reconfirmation application. Please note, your headcount includes employees who have been stood down.
If you would like our ongoing assistance with this process for JobSaver, please click here.
For more information about JobSaver and the Micro-Business Grant, including the reconfirmation requirements please click the link.
Should you have any questions, as always, please do not hesitate to contact us.
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