COVID-19 Critical Deadlines

22 April 2020

This guide explains when you should consider taking action and what the deadlines are:

JobKeeper Payments

Deadline

You need to assess your eligibility for the JobKeeper for the month of April. If you believe you are eligible please provide us with a copy of your 30% turnover reduction calculation.

30 April 2020

If you are eligible you need to ensure you have paid your eligible employees at least $1,500 per fortnight for the two fortnights ended 26 April 2020.

30 April 2020

If you are eligible you can enrol for April from 20 April 2020. Your employees need to agree and sign the employee nomination notice.

30 April 2020

Claim forms for April can be lodged from 4 May 2020.

To Be Advised

If you are eligible for the month of May 2020, you need to ensure you have paid your eligible employees for the fortnights ended 10 May 2020 and 24 May 2020.

10 May 2020, 24 May 2020

If you are eligible for the month of June 2020, you need to ensure you have paid your eligible employees for the fortnights ended 7 June 2020 and 21 June 2020.

7 June 2020, 21 June 2020

If you are eligible for the month of July 2020, you need to ensure you have paid your eligible employees for the fortnights ended 5 July 2020 and 19 July 2020.

5 July 2020, 19 July 2020

If you are eligible for the month of August 2020, you need to ensure you have paid your eligible employees for the fortnights ended 2 Aug 2020, 16 Aug 2020 and 30 Aug 2020.

2 Aug 2020, 16 Aug 2020, 30 Aug 2020

If you are eligible for the month of September 2020, you need to ensure you have paid your eligible employees for the fortnights ended 13 Sept 2020 and 27 Sept 2020.

13 Sept 2020, 27 Sept 2020

Cash Flow Boost

Deadline

March 2020 monthly/quarterly

To receive this you need to lodge your March 2020 activity statement now.

If varying your PAYGI 28 April 2020, otherwise depends on how you lodge.

April 2020 monthly

To receive this you need to lodge your April 2020 activity statement.

21 May 2020

May 2020 monthly

To receive this you need to lodge your May 2020 activity statement.

21 June 2020

June 2020

monthly/quarterly

To receive this you need to lodge your June 2020 activity statement.

If varying your PAYGI 28 July 2020, otherwise depends on how you lodge.

July 2020 monthly

To receive this you need to lodge your July 2020 activity statement.

21 August 2020

August 2020 monthly

To receive this you need to lodge your August 2020 activity statement.

21 September 2020

September 2020 monthly/quarterly

To receive this you need to lodge your September 2020 activity statement.

Depends on how you lodge.

If you are varying your 2019-20 PAYGI you can do

so for both March and June Quarters

Deadline

March 2020 Quarter

28 April 2020

June 2020 Quarter

28 July 2020

$10,000 NSW State Government Grant

Deadline

If you have been affected by Covid-19 you need to consider your eligibility and apply now.

1 June 2020

Rent Relief

Deadline

Have you considered whether the new Rental Code of Conduct applies to you in negotiating rent relief with your Landlord/tenant?

Does not apply when JobKeeper ends and/or the Pandemic is declared over.

25% NSW Land Tax Reduction

Deadline

If you own land in NSW and your tenant is in financial distress you can apply for up to a 25% reduction in land tax for the 2020 year. To be eligible your commercial tenant with a turnover of no more than $50M must have suffered at least a 30% reduction in turnover, or your residential tenant must have suffered at least a 25% reduction in household income. The land tax reduction must be passed on to the tenant in full.

Details not available yet.

Banks

Deadline

Have you contacted your Bank to ask for any repayment deferral if required?

Contact your bank

Have you considered applying for the up to $250,000 part Government guarantee loan from your Bank to assist your business with working capital?

30 September 2020

Apprentices / Trainees – subsidy of up to $21,000 per person

Deadline

If you are eligible, you can apply now.

31 December 2020

Early release of superannuation

Deadline

You can apply for the first $10,000 now.

30 June 2020

You can apply for the second $10,000 from 1 July 2020.

24 September 2020

Instant Asset Write-off Threshold increased to $150,000

Deadline

Are you considering acquiring any plant and equipment for a value greater than $30,000?

30 June 2020

Payroll Tax

Deadline

Have you taken into account the last three months of 2019-20 payroll tax liability will be waived and the increase in the threshold to $1M for 2020-21?

Automatically applies