The ATO will begin making tax free cash flow boost payments to eligible businesses from 28 April 2020.

To ensure that you are able to access the payment as early as possible, your March 2020 Business Activity Statement must be lodged.

We recommend you ensure your accounting records are up to date as soon as possible to enable your BAS to be prepared and lodged prior to the due date.
 
We also suggest considering varying your PAYG income tax instalments for the March 2020 quarter. You can also vary instalments for the September 2019 and December 2019 quarters and claim a refund for payments already made. The ATO will not apply penalties or interest to varied instalments for the 2019-20 financial year.

If you would like further information please feel free to contact us on (03) 5222 4522.

If you'd like to receive all our latest updates you can subscribe to our news here or visit our COVID19 News Centre

Last updated 25/03/2020