In our webinar held on Tuesday 31 March 2020, we provided a practical review of the Government’s $100,000 “cash” package to provide financial relief for businesses.
There is a lot of misunderstanding as to how this will operate. No doubt the intent was there, but it doesn’t seem that there will be much cash but rather a credit to the running balance account.
In this webinar we covered in relation to the $100,000 cash boost:
- Who is eligible?
- Understanding the six month period of payment
- How and where the payment is credited
- Treatment of monthly and quarterly PAYGW remitters
- Who will get a refund
If you are in the Cooper Partners network and would like to watch this webinar, please click here to register.
This webinar is current as of 31 March 2020, however, please note that announcements and changes are being made by the Government and the ATO regularly, and we expect that the tax and business-related responses will continue to evolve. Please contact us to discuss.
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