Cash Flow Assistance for Businesses
You may already know that the government is offering small and medium businesses help during COVID with costs of employee wages and salaries by making payments linked to your upcoming activity statement lodgements. It is also offering wage subsidies for apprentice/trainees’ wages paid between January and September this year.
Looking for more information? The Department of Treasury has distributed a fact sheet with some more detail containing examples, which can be found here.
We strongly recommend you speak to your friendly (and still healthy) Halletts team member before you lodge your March Business Activity Statement, in order to maximise your access to the concessions and subsidies.