Snapshot of Federal COVID-19 pandemic measures

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Tax-related business measures Cash flow boost payments: Tax-free payments of up to $100,000 are available for eligible small and medium sized entities and not-for-profits (including charities) that employ people, with a minimum payment of $20,000. Instant asset write-off: From 12 March to 30 June 2020, the threshold increases to $150,000 for business entities with aggregated […]

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ATO’s FAQ helps to clarify coronavirus impacts

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The ATO’s COVID-19 frequently asked questions (FAQ) is a resource tool for people and businesses in the community who need clarifications in relation to impacts from the COVID-19 pandemic. The FAQ is broken into common questions for individuals, employers, businesses (including internationals) and self managed superannuation funds (SMSFs). Common questions centre around issues relating to […]

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