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.

Tax Support  

  • 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

  • Payroll tax relief for eligible businesses

Early Access to superannuation

  • Access up to $10,000 from your superannuation in 2019-20 and 2020-21

Sole Trader

  • $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.

Leave a reply