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. 
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Peter McGinty, Chartered Accountants Australia and New Zealand