Whilst we are waiting with bated breath for JobKeeper to pass through parliament later this week…
Let us not forget the initial Cash Boost package providing tax-free cash flow boosts of between $20,000 and $100,000 to eligible businesses.
The payments are to be delivered through credits in the activity statement (BAS) system, starting with the January – March 2020 (Q3) BAS.
Whilst the due date for Q3 BAS lodgement is 26 May 2020; the ATO will be releasing credits from 28 April for eligible businesses.
Accordingly, we encourage you to have the Q3 BAS prepared and lodged before 28 April to enable the Cash Boost credit to be received as soon as possible.
If you have any questions on this, please feel free to contact us.