The millennial accountants

ADDITIONAL BUSINESS GRANT OF UP TO $22K

South Australia Treasury has released an additional round of grants on top of the December Round (refer to previous blog post for details of first round)

The assessment for the hospitality and fitness industry is that you have to show a 30 % reduction in turnover when comparing the period 10 January – 30 January 2022 to the period 10 January – 30 January 2020. The applications for this grant are available on the 14th of February 2022 and businesses can receive up to $8k in payments.

The assessment for the additional hardship grant for all other business is that you have to show a 50 % reduction in turnover when comparing the period 10 January – 30 January 2022 to the period 10 January – 30 January 2020. The applications for this grant is available on the 14th of February 2022 and businesses can receive up to $22k in payments.

For further details please go to the Treasury website https://www.treasury.sa.gov.au/Growing-South-Australia/stimulus-measures-to-support-businesses-and-the-community-impacted-by-covid-19

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