At this difficult time – and into the foreseeable future – trading conditions may be very challenging.
The Federal Government has therefore put in place several programs to help small businesses remain viable. Government assistance includes:
- Increasing the Instant Asset Write-Off (up from $30,000 to $150,000)
- Backing Business Investment (an incentive scheme to support business investment)
- Boosting cash flow for employers
- Supporting apprentices and trainees
- Assistance for affected regions, communities and industries
Check the goverment's website to see the latest information and if your business is eligible for government assistance.