Tax-free payments up to $100,000 for employers

Boosting Cash Flow for Employers Tax-free payments up to $100,000 for employers   Updated 17 April 2020 Date ·         March 2020 – June 2020 ·         July 2020 – September 2020 Applies to Businesses with aggregated turnover less than $50m in the previous financial year; or Not-for-profits, including charities, with aggregated turnover less than $50m; And,…

$25,000 Cash Payments for Small Businesses

The government announces increased tax benefits in response to the Coronavirus, which includes $25,000 cash boost for eligible businesses as well as an investment incentive.   The Australian Government announced its response to assisting the economy in light of the Coronavirus. This assistance will be provided through a $17.6 billion economic stimulus package.  The purpose…