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  • janelle630

Business Support during COVID-19 Crisis

The Australian Government has released a Fact Sheet for Cash Flow assistance for small to medium businesses. In a nutshell, there are three areas that may be of benefit to you and your business:

1. Between $2,000 and $25,000 will be refunded after the lodgement of March and June BAS's. This based on 50% of PAYG reported by eligible businesses for these two quarters

2. Instant write off for capital purchases up to $150,000 purchased between 12/3/2020 and 30/6/2020

3. 50% subsidy for apprentice wages up to $21,000 for businesses with less than 20 Full Time employees

Download the fact sheet https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Assistance_for_businesses.pdf

*This information is general, you should consult your business advisor(s) for specific information relative to you and your business

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