Please sign in here using your existing KPMG Account (KPMG Directors’ Toolkit | KPMG Tax Now | KPMG Support).
If you cannot remember your sign in details, or you need assistance, please contact us.
COVID-19 stimulus measure: Boosting cash flow for employers
The Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 which passed Parliament on Monday, is a key part of the Commonwealth’s response to the COVID-19 pandemic.
Boosting Cash Flow for Employers provides for payments to support employers by boosting their cash flow and encourages the retention of employees through any downturn.The payments referred to as Cash Flow Boost Payments comprise:the first cash flow boost; andthe second cash flow boost.This “payment” is a credit against a liability that is arising for the employer. The amount is recognised as a credit on the entity’s Australian Taxation Office (ATO) Running Balance Account. This results in a r...
Sign in below or register now to read the full article
Authors: Bernadeene Cangelosi, Brent Murphy
Published Date: 25 March 2020
KPMG Tax Now is a digital media website that brings together industry-leading tax news, insights and more from our global network of experts.
Stay informed of important policy and legislation changes, and what it means to you and your business.
Subscribe to our KPMG Tax Now platform to receive important updates delivered to your inbox, access to exclusive multi-media content, and invitations to interactive information sessions with KPMG experts.
If you are an existing user please click here
Please sign in here or Register if you don't have an account