Boosting Cashflow for Employers
The Boosting Cash Flow for Employers measure will provide up to $25,000 back to business, with a minimum payment of $2,000 for eligible businesses. The payment will provide temporary cash flow support to small and medium businesses that employ staff. The payment will be tax free.
Who: SMEs with turnover less than $50m & employ workers
What: 50% of the amount withheld from staff wages
How: as a credit to your BAS upon lodgement
This applies to both monthly and quarterly lodgers.
Contact us or your BAS agent if you need any additional details.