Business
$100k cash boost for small businesses – Yahoo Finance Australia
It comes as 10 per cent of Aussie businesses are touted to fail come September.
Small and medium businesses that employ staff will now be eligible to receive up to $100,000 in cash flow boosts, the Australian Taxation Office (ATO) has confirmed.
To access the boost, businesses must lodge their activity statements for pay-as-you-go (PAYG) withholding up to the month or quarter of September 2020.
The initial cash flow boost will be equal to 100 per cent of the amount of tax withheld on each employees salary and wages, with the following exceptions:
- Monthly lodgers …
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