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COVID-19 Support Grant
Tax issues for businesses that have received a support payment   Taxpayers who have received a government support grant or payment recently to help their business recover from COVID-19 or a natural disaster should check if they need to include the payment in their assessable income. Grants are generally treated as assessable income, and taxpayers…
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The NSW government is offering businesses support grants to help alleviate cash flow constraints while trading is restricted. The grants can be used to cover business related expenses such as rent, utilities and wages, for which no other government support is available.
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