Boosting Cashflow Flow for employers
- Tax free cash payment at least $20,000 up to total $100,000
- Eligibility: Small to medium business with annual turnover under $50 million and employ workers
- Eligible business that pay wages will receive at least payment $10,000 even if they are not required to withhold tax.
- ATO is providing relief for some tax obligations for businesses affected by the outbreak
Government Guaranteed unsecured bank loan
- Loan amount up to $250,000
- Up to three years, no repayment required for first 6 months
- Payroll tax relief for eligible businesses
Early Access to superannuation
- Access up to $10,000 from your superannuation in 2019-20 and 2020-21
- $550 Fortnightly coronavirus supplement payment
Is that it?
No. The government says there will be more support coming. Stay Tuned. We will keep you informed.
Please contact us if you want to how your business can be benefit from stimulus package.