Cash flow support for employers
Don’t forget the temporary cash flow support (the cash flow boost) for eligible small and medium businesses during COVID-19 crisis. Eligible businesses will receive between $20,000 and $100,000 in cash flow boost amounts by lodging their activity statements up to the month or quarter of September 2020.
You do not need to apply for the cash flow boost. All you need to do is lodge your upcoming activity statements.
If you’re eligible, the cash flow boost will be automatically credited to your activity statement account.
If you’re lodging online through our Business Portal, you now need to log in using your myGovID.
The cash flow boost is not taxable.
Tip! Talk to your tax agent or BAS agent for more information about the cash flow boost, e.g. the amount you will be credited.
Ref: TaxWise Business June 2020