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

colourful skirt

Doing business in times of uncertainty is like twirling your skirt

Written by Josephine Palermo, Director Geared for Growth, and co-creator Higher Spaces. During this very strange time of uncertainty, I often feel both optimistic and pessimistic. I err on moving forward which means taking calculated risks, and investing in, rather than contracting, my business efforts. I focus on challenging myself to be relevant in the

terrace with green plants on the border

Coolthinc – All about Livable Sustainable Architecture

  Coolthinc are offering complimentary design work!   Yes, that’s a picture of the Carlton Gardens and it’s a  Coolthinc design! They specialise in livable architecture and value sustainable living. As part of the Higher Spaces community Skills Hub, Coolthinc are offering a complementary design work for your place of residence, work, and/or play. You

stop sign with 100 to show 100 ways to do digital marketing

Get Leads & Grow Your Business Online

Written by Christy Mori, Higher Spaces Team We recently attended Kleo Merrick’s webinar, ‘100 Ninja Ways to Get Leads & Grow Your Business Online’. Thanks to her hard work, there actually were 100 suggestions! Since listing all the methods might be an overwhelming read, we chose our top 20 to share with you! A Call

light bulbs in a row

Shine a Light on Untapped Potential in Your Business

Written by Josephine Palermo, Geared for Growth and Co-Creator Higher Spaces Everyone loves free stuff. Most business owners don’t even know they have free resources at your fingertips! Untapped potential sits in your business cycles; your sales cycles; the relationships you have with your suppliers and partners; and your customers. There’s untapped potential in the ways

Scroll to Top