Cashflow Boost

Small and Medium Businesses and not-for-profit Organisations are currently receiving a Cashflow Boost during the economic downturn caused by COVID-19.

Eligible Businesses and not for profit organisations who employ staff will receive $20,000 to $100,000 in Cashflow Boost amounts by lodging their activity statements up to the month or quarter of September 2020.

The ATO automatically delivers the cash credit to the activity statement account once the activity statement is lodged.

The Cashflow boost is not taxable and does not attract GST but enables small businesses the cash flow to continue trading and meeting other commitments (business expenses).

0

Like This