Advice: Finding Financial Relief for Businesses during COVID-19

Written by Josephine Palermo, co-Founder Higher Spaces

Finding it difficult to navigate through the enormous amounts of information about financial relief the government is providing? So were we. So we asked Elis to help. In a recent Higher Spaces Lunch and Learn session Elis explained billions of dollars in relief packages for SME’s (Small/Medium Enterprise) offered by the Federal and State governments.

Elis Hoxha is a chartered accountant with over fifteen years in the financial industry. Along with creating his own business, ‘Construct You’, he is also a consultant for Westwood Knight. He has a wealth of knowledge which he generously shared with us.

Topics covered included:

  • Legislation on economic response
  • Boosting Cash Flow for Employers
  • Enhancing the Instant write-off
  • JobKeeper Payments
    • Decline of turnover test is a simple process and only needs to be met for one month to become eligible fo rhte 6 months of payments.
    • Some of you may be unaware, as I was, that payments are also available for adult beneficiaries of a trust and Director / Shareholders of companies
  •  Business Support Fund – VIC. Up to 10K. Many people are not applying for this when they could be eligible.
  • Wage Subsidy for Apprentice, JobSeeker & Temporary early release of superannuation

Other initiatives

  • Payroll tax base raised
  • Land tax reductions if passed on to tenants
  • Mandatory code of conduct (Commercial Landlords and Tenants)
  • Local City Council support programs, e.g. City of Yarra supporting creatives

There is a lot of information so Elis suggests the following links:

Watch the recording here



For more resources check out the latest from FinImpact who have just published a major list of business grants (by categories, including COVID-19 & Federal grants).



Share on facebook
Share on linkedin

Table of Contents

Related Posts

Romantic Relationship at Wor‪k

In the theme of Valentine’s Day, Christy and Dr. Palermo chat about romantic relationships in the workplace. We’ll be discussing if it’s a good idea, what levels of professionalism to keep when we are in relationships at work, and the different effects for men and women, and what to do about handling a relationship breakdown

Relationships and Business

February is relationship month for us so we are starting off the month with a chat about relationships and business, particularly in terms of finding the right business partner and how to build a good partnership. We draw on some famous co-founders for inspiration as well as Lucille Ball! Hope you get value from it!

Downfall of Optimis‪m

Continuing the conversation on Optimism, we now flip the topic to talking about the negative aspects of being overly optimistic in business. As always, please give us your questions and stories: [email protected] Articles we think you’ll find helpful: To join our newsletter sign up here Please send your questions or comments to [email protected]

Optimism in 202‪1

To kickstart our podcast for 2021, we dive into a full conversation about Optimism and how an optimistic outlook grounded in a sense of reality can help businesses and individuals create a sunnier, healthier and more fulfilled future. Some articles you might find helpful: The book Christy loves: “Learned Optimism” by Martin

Scroll to Top