Enhanced Support for Small Business

The Government announced a Business stimulus package on the 17 March for small businesses, which has now been enhanced with increased support for cash flow challenges.

https://treasury.gov.au/sites/default/files/2020-04/fact_sheet-boosting_cash_flow_for_employers.pdf

This package is triggered by payment of PAYG for employees, including Licensees if they are employees of your trading entity, and becomes available as a refund (or a credit if you have outstanding debts) on the lodgement of your March BAS. So finally it is worth the pain to do the ATO paperwork.

The previous version of this package was published on the LPOG website in mid March. That post is now obsolete and this fact sheet now replaces the previous version.