{"id":43383,"date":"2020-04-07T16:31:42","date_gmt":"2020-04-07T16:31:42","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=43383"},"modified":"2021-12-19T04:53:38","modified_gmt":"2021-12-19T04:53:38","slug":"cash-flow-boost-for-employers","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/cash-flow-boost-for-employers\/","title":{"rendered":"Cash flow boost for employers"},"content":{"rendered":"

Cash flow boost for employers<\/span><\/h1>\n

Source:<\/span>Australian Taxation Office<\/span><\/strong><\/a><\/span><\/p>\n

\"Cash<\/p>\n

7 April 2020<\/b><\/span><\/p>\n

From 28\u00a0April 2020, eligible businesses will receive a tax-free cash flow boost of between $20,000 and $100,000 through credits in the activity statement system when they lodge all relevant activity statements. This is to help during the economic downturn associated with COVID-19.<\/span><\/p>\n

You do not need to apply for the cash flow boost. All you need to do is lodge your upcoming activity statements.<\/span><\/p>\n

Make sure you lodge your March and quarter 3 activity statements on\u00a0<\/b>their due date and no earlier. This will ensure you receive the maximum refund available to you to assist with your cash flow.<\/span><\/p>\n

If your business is eligible, the credit will be automatically applied – but not before 28\u00a0April 2020. You can view the eligibility criteria on our page\u00a0Boosting cash flow for employers<\/a>.<\/span><\/p>\n

If you are lodging online through our Business Portal, remember you now need to log in using your myGovID. Set up your myGovID today, if you haven’t already.<\/span><\/p>\n

Remember, registered tax agents and BAS agents can help you with your tax.<\/span><\/p>\n

Next step:<\/b><\/span><\/p>\n