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 opens applications for early release of super

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The ATO has released its application form for the early release of superannuation by individuals impacted by COVID-19. From 20 April, an individual can make one application to access up to $10,000 of their super (tax-free) in the 2019–2020 financial year, and a second application for up to $10,000 in the 2020–2021 year until 24 […]

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