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Cash Flow Boost program May 2020

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Running Time: 15:10

Date: 01/05/2020

Is it a one-off payment and how is it calculated?
Is there a special calculation method for the second stage of the Cash Flow Boost?
Is the Cash Flow Boost subject to income tax in the hands of the business owner?
Cash Flow boost amount is calculated by reference to PAYG withholding remittances
Businesses have the potential to receive $100,000 in Cash Flow Boost from the government.

Topics: Accounting & Tax

Peter McGinty, Chartered Accountants Australia and New Zealand