$600 million package to help Queensland businesses

Support is available if you are impacted by the Queensland lockdowns.

The lockdown support client guide for Queensland businesses has been updated for the top-up grant funding announced by the Treasurer last week. 

The Commonwealth and Queensland Governments have reached a 50/50 funding agreement that will see the value of the Queensland COVID‑19 Business Support Grants rise from $260 million to $600 million.

COVID-19 Business Support Grant

The QLD 2021 COVID-19 Business Support Grant – provides grants of up to $5,000 for businesses impacted by the lockdowns plus a ‘top-up’ grant based on the size of your payroll bringing the total value of the grant to between $10,000 and a maximum of $30,000.

Top-up Grant

The ‘Top up’ grants package – Businesses that qualify for the QLD 2021 COVID-19 Business Support Grant will also receive a ‘top up’ grant based on payroll size.

Sole traders

Support for sole traders – The Queensland and Federal Governments have announced a one-off, $1,000 grant for non-employing sole traders across Queensland that have had a decline in turnover of more than 30%.

Read on … 

What-lock-down-support-is-available-in-QLD

Initial support package …

Lockdown-support-available-in-QLD

Celebrate the End of Financial Year with your team and ours

Celebrate the End of Financial Year with your team and ours

The End of Financial Year (EOFY) is upon us. For business owners, like you and I, there are many moving parts to be aware of. There are yearly financial statements to create, taxes to pay, deductions to claim, and documentation to submit to the ATO.

30 June is coming – what’s your game plan?

30 June is coming – what’s your game plan?

End of Financial Year Tax Planning. While Covid-19 and the uncertain business landscape it created made planning difficult, what we can say with certainty at MWM is that in our experience those who had a plan have navigated the past two years more successfully than those who didn’t.