Boosting Cash Flow for Employers

Cash flow assistance for businesses

Provides up to $100,000 back to small and medium-sized businesses, with a minimum payment of $20,000 for eligible businesses. The payments will provide cash flow support to businesses with a turnover of less than $50 million and not-for-profit entities that employ staff. The payment will be tax free.

Small and medium-sized businesses, and not-for-profits that employ people and who are eligible will now be able to access up to $100,000 with a minimum payment of $20,000.

The Boosting Cash Flow for Employers measure was initially providing up to $25,000 to business, with a minimum payment of $2,000 for eligible businesses. Small and medium sized business entities with aggregated annual turnover under $50 million and that employ workers are eligible.

This measure has now been extended in the second economic stimulus package and now includes not‑for‑profit entities (NFPs), including charities, with aggregated annual turnover under $50 million and that employ workers will now also be eligible. This boost will help support these entities as they see an increased demand for their services.

An additional payment is also being introduced in the July – October 2020 period. Eligible entities will receive an additional payment equal to the total of all of the Boosting Cash Flow for Employers payments they have received.

This means that eligible entities will receive at least $20,000 up to a total of $100,000 under both payments. This additional payment continues cash flow support over a longer period, increasing confidence, helping employers to retain staff and helping entities to keep operating.

The cash flow boost provides a tax free payment to employers and is automatically calculated by the Australian Taxation Office (ATO). There are no new forms required.

Eligibility:

Businesses and not for profit entities that employ people with an aggregated turnover of less than $50 million.

Key Dates:

This is dependant on whether you lodge Quarterly or Monthly. Click through to the Business.gov.au link below for further details.

Quarterly: Lodgement due dates are 28 April and 28 July 2020.
Monthly: Lodgement due dates are 21 April , 21 May, 21 June and 21 July 2020.

Links to further information

FAQs

The boosting cash flow for employers package provides up to $100,000 back to small and medium-sized businesses, with a minimum payment of $20,000 for eligible businesses.

Businesses and not for profit entities that employ people with an aggregated turnover of less than $50 million.

The ATO will deliver the payment as a credit to your business upon lodgment of your activity statements.

Boosting Cash Flow for Employers - Frequently Asked Questions(FAQ)

How much is the package worth?

The boosting cash flow for employers package provides up to $100,000 back to small and medium-sized businesses, with a minimum payment of $20,000 for eligible businesses.

What businesses are eligible to receive support?

Businesses and not for profit entities that employ people with an aggregated turnover of less than $50 million.

What do I need to do to access the package?

The ATO will deliver the payment as a credit to your business upon lodgment of your activity statements.

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