Boosting Cash Flow for Employers

by | Apr 2, 2020

Many of us have been confused with the recent updates coming through for SME’s. Knowing what stimulus package we can expect and when we will receive these funds and being able to work out our cashflow until these funds arrive. As a registered agent with the ATO, I received an update and wanted to share it for anyone needing the facts behind the ‘boosting cash flow’ package announced by the Federal Government.

I have grabbed the highlights for everyone and hope this helps in understanding what’s going to happen.

If you are still unsure, reach out to your accountant to find out where you stand.

What is the Initial Cash Flow Boost?

Who qualifies?

When is it paid?

Tax Consequences of the Cash Flow Boost?

What is the Additional Cash Flow Boost?

Not For Profits – are we included?

Check Out These Related Posts

Goals for 2021

Let's talk today about goal setting for 2021. Now is the time to set your 2021 goals, if you haven't done them already, it's the perfect time to look back on 2020, recall and reflecting on what worked and what didn't work in your business. We all know 2020 was a train...

read more

Light bulb moment in business

In an instant—everything changed.  I was recently talking to my mentor, when it dawned on me. This wasn’t an option, it was a calling. An unshakeable feeling down to the very last cell in my body that I had to share my passion for entrepreneurship with the world....

read more

Avoid Debt During COVID19

As we hear the government advise that we can approach our banks for great lending options during the pandemic, this gives many of us the safety net we need in our business, a sense of hope, and security in our business finances to ride this wave. The Australian...

read more