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