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COVID-19 Update - How the Employer's cash flow benefit works

The Federal Government has implemented a plan to boost employer's cash flow to assist during the Coronavirus pandemic. The cash flow benefit will be delivered through the tax system with credits to accounts being provided either:

There will be 2 Cash Flow Boosts. If you lodge monthly the first boost covers the months of March, April, May and June; the second covers the months of June, July, August and September, however, if you lodge quarterly, the first boost covers the quarters ending 31 March and 30 June; the second covers the quarters ending 30 June and 30 September.

Should you require any assistance or have any queries, please don't hesitate to contact our office. 

The Money Edge | Bundaberg

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