Fast relief for small businesses
Small businesses in NSW highly impacted by COVID-19 shutdown will receive up to $10,000 under a new assistance scheme. Leave your contact details if you would like us to provide you more information.
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Get your government benefits in a recession
The NSW Government will put $750 million into the Small Business Support Fund as the centrepiece of a third wave of support measures to keep small businesses afloat.
How to apply?
Applications for a small business grant of up to $10,000 will be available through Service NSW within a fortnight and remain open until 1 June 2020.
We have created an article that you may find useful here.
To know more about the government stimulus and how to apply for it, please contact us to get the help of professional accountants.
Advice and application for the government support
package
The team are experts in tax minimisation and company tax returns.
Receive communication on complex matters in simple and effective language.
Lodge your returns in a fast and efficient manner whilst enjoying the benefits of cloud accounting.
The future of small business is in the cloud
Head in the clouds? That’s okay. We’re right there with you.
POP Business is an award-winning, tech-driven company of cloud-based tax accountant specialists, whose smart software is being embraced by small businesses all over Australia.
Yes, we’re proudly ‘paperless’. But while we’re happy to reduce our carbon footprint, our number-one goal is to help our clients streamline their processes, minimise their tax, and take their businesses to the next level.
With POP Business, you can count on:
- Trusted and qualified accountants
- Live accounts and detailed financial reporting
- Saving thousands in tax
Why POP Business works
for so many small businesses
POP Business is so successful at delivering awesome results for small businesses because of a combination of four things:
1. Qualified Chartered Accountants
2. Cloud-based software and technology
3. Savvy and streamlined processes
4. Exceptional customer service
By saving time and money, and preserving your peace of mind, you’ll be free to focus on the really important stuff. Namely, running your business successfully.
When you use POP Business for your business, you can count on:
It’s a good feeling to know there’s a crack team of specialist tax business accountants who have your back.
Our award-winning team of accountants can answer any question you have and advise you of your best strategy.
POP Business don’t muck around – if you contact us with a query, we get back to you pronto.
Whatever your tax needs, our team of experienced POP Business Accountants have got you covered.
Perhaps your small business is behind on your annual tax obligations?
Maybe you’d like to know if there’s other smart ways you can minimise your tax?
Or, it could be you’re looking for expert advice on how to growth-hack your business.
Good news. POP Business are the pros at all three.
Tax shouldn’t have to be so… well, taxing. Drop us a line and you’ll never look back.
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Frequently asked questions
Yes. The government has announced that in the case of sole traders and the self-employed, anyone impacted by the economic downturn triggered by the coronavirus will be able to access the jobseeker payment and the coronavirus supplement.
Applicants will make a declaration to Centrelink that their business has been suspended or had turnover reduced significantly as a result of the downturn.
Sole traders that become eligible for the jobseeker payment will automatically meet their mutual obligation requirements during this period by continuing to develop and sustain their business.
You will be able to access your super if you are unemployed or eligible to receive a jobseeker payment, youth allowance for jobseekers, parenting payment (which includes the single and partnered payments), special benefit or the farm household allowance.
Additionally, if after 1 January 2020 you were made redundant or your working hours were reduced by 20% or more you will also be granted access.
Sole traders that have their business suspended or have a reduction in turnover of 20% or more are also eligible.
Eligible individuals will be able to apply online through MyGov for access of up to $10,000 of their superannuation before 1 July 2020.
They will also be able to access up to a further $10,000 from 1 July 2020 for another three months.
They will not need to pay tax on amounts released and the money they withdraw will not affect Centrelink or veterans’ affairs payments.
The government is also announcing a temporary reduction in superannuation minimum drawdown rates for account-based pensions and similar products.
This will be a 50% reduction in the rate for 2019-20 and 2020-21, which the government says will benefit retirees by providing them with more flexibility as to how they manage their superannuation assets.
The latest package ramps up a previous wage subsidy to small business which will be increased from a $25,000 cash refund to a maximum payment of $100,000.
The payment is open to businesses with a turnover less than $50m and also for not-for-profit charities.
In round one, the measure was worth $6.7bn. Increasing the payment to $100,000 adds an extra $25.2bn in support, bringing the total to $31.9bn.
The government has also announced a new “coronavirus SME guarantee scheme”, which will support lending to small and medium-sized businesses worth $40bn.
It will be available to all businesses with a turnover of less than $50m.
You can get started by simply filling out the enquiry form on this page.
You can also email team@pop-business.com.au
We communicate through email and phone mostly.
You can provide user access to your online accounting software so we can get the required business transactions for the tax lodgement.
Yes. You can find POP Business’s office smack-bang in the heart of Surry Hills, in Sydney. Suite 3, 2/2/12 Foveaux St, Surry Hills NSW 2010 (open in Google Maps).
Need help? Call and speak to one of our expert accountants for free at 1300 180 630
