cash flow boosts Tag

Updates from ATO – Boosting Cash Flow for Employers

Earlier this week, the ATO noted that entities that lodged their activity statement before 28 April would see their cash-flow boost amount used to offset tax debts from previous periods, while those who lodged on 28 April would not see those credits used to pay...

JobKeeper vs JobSeeker

The Federal Government recently announced the JobKeeper Payment scheme, which is designed to assist employers (and self-employed individuals) affected by the Coronavirus pandemic to continue to pay their workers. The JobKeeper scheme has been well received and welcomed by all sectors of the economy. In fact, many...

Employer’s cash flow boosts explained – How does it work?

To assist employers during the Coronavirus crisis, the Federal Government has implemented a plan to boost employer’s cash flow. The cash flow benefit will be delivered through the tax system with credits to accounts being provided either: • Monthly: around the end of each of these months...