Support for Sole Traders or ABN Holders during and after a Covid-19.
If you hold an ABN and are trading as a Sole Trader there are a number of supports you may be eligible to access.
Both Federal and State Governments have implemented a range of supports for small businesses including ABN holders and Sole Traders. Look at both the Australia Wide options and your state or territory to find out more.
Australia Wide Support
Business.gov.au
The Federal Government has implemented a range of supports for Sole Traders who do not employ staff. The following link lists the options.
Boosting Cash Flow for Employers
If you are Sole Trader who has employees (not including yourself), you may be eligible for the Cash Boost. To find out how click the link
ATO - PAYG and Lodgement
To assist taxpayers experiencing financial difficulty as a result of COVID-19, the ATO are providing added flexibility to manage your Tax Obligations to suit your circumstances. Click for more.
JobKeeper
Under the JobKeeper Payment, sole traders impacted by the coronavirus may be able to access a subsidy from the Government. (Updated 16 April). For further details click the link
JobSeeker or Centrelink Payment
If you are not eligible for JobKeeper, you may be eligible for Jobseeker or a Centrelink payment and the supplement. To apply or to find out more follow our Financial support information in the link
Tax Support
Find out what tax support is available if you or your employees are affected by Coronavirus. Including Low interest payment plans, payment deferrals, monthly GST credits, PAYG instalments, remitting interest and penalties, low interest payment plans, employees working from home. Click for more information
Support if you employ Apprentices or Trainees
If you are Sole Trader and employ Apprentices or Trainees you may be eligible for support. For more details click the button below.
Access to Superannuation
A current measure to support Sole Traders who are not able to work is eligibility to access their superannuation. For more details click the button below.
Instant Asset Write Off
An overview of the increase to the instant asset write off and how this can help Sole Traders and Small businesses during Covid-19, click for more.
Unsecured Loans (SME Guarantee)
Under the Scheme, the Government will provide a guarantee of 50 per cent to small and medium enterprise (SME) lenders for new unsecured loans to be used for working capital. Click for more.
Making financial decisions
Moneysmart provides useful and practical advice on dealing with your finances. During challenging times, making financial decisions can feel overwhelming. There's support and services available to help you. Click below
Nil Interest Loans
In collaboration with other organisations, Nil interest and low interest Loans are being developed for small business and Sole Traders. Click for more details.
Information and Advice
Contact the Australian Chamber of Commerce or your local state Chamber of Commerce for information and advice on dealing with Covid-19. Click to find your state based Chamber.
SBMS - Small Business Mentoring Service
Small Business Mentoring Service provides support to businesses impacted by Coronavirus and the bushfires as well as general support to businesses. Click the link.
Connect with your Local Chamber of Commerce
The Australian and State based Chamber of Commerce can provide you with valuable information and support during Covid-19. Many are offering discount or FREE fees, to find details on your local chamber click the link
NEIS - New Enterprise Incentive Scheme
The program provides training and business set-up mentoring assistance to enable eligible unemployed people to become self supporting and independent by establishing and running their own business. Learn more in the link
State Support
Support for Sole Traders in Victoria during Covid-19
Small Business Victoria
Small Business Victoria has a range of supports for Sole Traders. From information on the latest financial Supports to Mentoring and help with business operations. Find out more below.
SBMS - Small Business Mentoring Service
Small Business Mentoring Service provides support to businesses impacted by Coronavirus and the bushfires as well as general support to businesses. Click the link.
Support for Sole Traders in South Australia during Covid-19
Business South Australia
Advice, updates and support to help your workplace plan and respond to coronavirus (COVID-19). For more details click the link
Support for Sole Traders in the ACT during Covid-19
ACT Gov't Support for Business
The ACT Government is delivering a an economic survival package to support the ACT community through the public health emergency caused by the COVID-19 pandemic. To see what’s available for businesses under the package in the link.
Support for Sole Traders in New South Wales during Covid-19
Small Business NSW
Small business NSW has a range of information which will provide you with tips and resources to help you manage your small business during the crisis and into the recovery phase. For more click the link
Support for Sole Traders in Queensland during Covid-19
Small Business QLD
Find coronavirus information and assistance for businesses from the Queensland Government. For more click the link.
Support for Sole Traders in Northern Territory during Covid-19
NT Business Support
If you are a small business owner, you can get information and resources to help you manage your business during the coronavirus (COVID-19) crisis. Click for more
Support for Sole Traders in Western Australia during Covid-19
Small Business WA
To help you manage business disruption associated with coronavirus (COVID-19), they have put together a range of support information focused on the needs of small business owners. Click for more
Support for Sole Traders in Tasmania during Covid-19
Tasmania Gov't Support
Access the information you need on COVID-19 (novel coronavirus), stay updated and learn how to safeguard your business.
No Interest Micro-Business Loan
The No Interest Micro Business Loan provides low income earners with interest-free loans to support their new or growing business.