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COVID-19 Government Stimulus Package Assistance

There are so many different areas of stimulus from all levels of government and the applicable laws are new and complicated. By following the correct processes there are substantial cash benefits to be passed on to businesses, and in some circumstances in the thousands of $$$.

View Our Service Package Here

Maximise Your COVID-19 Cash Flow Government Benefits

Our commitment is to maximise your entitled cash benefits and set you on the path to helping your business during these difficult times.

The $500 Million Business Support Fund that was recently released mentions that you can use the grant funding for advice to support business continuity planning. This may mean that you can get our Cash Boost Assistance  at virtually no cost to you!

With the Service, You Will Get:

Federal Government Incentives

Assistance with

  • JobKeeper Payments to you for staff wages of up to $1,500 per fortnight
  • Purchasing a business asset up to $150,000 and receive an immediate tax deduction
  • PAYG Withholding Tax credits. Tax free payment of up to $100,000 paid to your tax portal for March to September BAS
  • Government backed loans of up to $250,000
  • Wage subsidies where you have less than 20 apprentices/trainees up to $21,000 paid for each apprentice
  • Rent reductions and deferrals for Commercial Property tenants

State Government Incentives

Assistance with:

  • Payroll tax refunds, where you pay less than $3mill in wages, waiver of payroll tax
  • Business continuity loans for hospitality, tourism, accommodation, arts, entertainment and retail
  • Deferral on land tax where your land is valued less than $1mil - until after 31/12/2020
  • Rent relief for tenants of government owned buildings

Self-Managed Super Support

Assistance with:

  • Pension reduction of minimum drawdown from super fund by 50%
  • SMSF rent relief - where lease between SMSF and related party, can discount rents
  • Early access to Superannuation balance of up to $10,000 before 1/7/2020 and $10,000 after 1/7/2020 for withdrawal from Superannuation

Wilson Pateras Advice & Support

Assistance with:

  • Making business decisions at this critical time
  • Detailed cash flow plan and budgeting
  • Application with the ATO to make sure your due dates for lodgements are managed
  • Applying for deferral of income tax and BAS and other tax payments
  • Negotiations with your bank to reduce or defer payments to manage your cash flow
View Service Package

Enquire Now

Not only will our service be beneficial to your businesses survival, this service can give you access of tens of thousands of dollars in government benefits with Wilson Pateras’ assistance. Please fill out the form below to register your interest. 

Free Checklist: 50+ Tax Deductible Items

Discover over 50 tax deductible items you could claim in your next tax return. Simply fill in your details below and we will send this checklist to you.

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Richmond Office

Level 1, 678 Victoria Street

Richmond VIC 3121

© 2023 – Wilson Pateras

This content has been prepared by Wilson Pateras to further our commitment to proactive services and advice for our clients, by providing current information and events. Any advice is of a general nature only and does not take into account your personal objectives or financial situation. Before making any decision, you should consider your particular circumstances and whether the information is suitable to your needs including by seeking professional advice. You should also read any relevant disclosure documents. Whilst every effort has been made to verify the accuracy of this information, Wilson Pateras, its officers, employees and agents disclaim all liability, to the extent permissible by law, for any error, inaccuracy in, or omission from, the information contained above including any loss or damage suffered by any person directly or indirectly through relying on this information.