The Big Wins for Small Businesses
Making COVID-19 Business Grants Non-Assessable Non-Exempt Income. The Government has extended the measures that enable payments from certain state and territory COVID-19 business support programs to be made non-assessable non-exempt income (‘NANE’) for income tax purpose. This applies to the following South Australian Grants. South Australia COVID-19 Tourism and Hospitality Support Grant. South Australia COVID-19 …