Cash Boost for Employers

Website | Fact Sheet

  • Tax-Free boosts of between $20k – $100k to eligible businesses
    • Payments staggered over current & future lodgements
    • Minimum $10k immediately for eligible businesses
  • Delivered through credits in the activity statement system
  • Payments triggered upon March BAS/IAS logdement
  • Automatically credited to ATO Integrated Client Account
  • Initial payment not before 28 April 2020
  • Early lodgement will not bring forward the distribution date
  • If you are paid more cashflow boost than you are entitled to, you will be required to repay the exces
  • You will still be entitled to a deduction for the PAYG withholding paid (i.e. included in gross wages)
  • There is no effect on tax paid by employees in respect of their salary & wages
  • Eligibility Criteria Applies
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