The Australian Government has announced an enhanced Economic Stimulus package for small to medium businesses who turnover less than $50 million.
To help businesses with cash flow, the minimum payment has now increased to $20,000 and the maximum payment has increased to $100,000.
Theses sums will be paid into your business BAS Account. The first payment will be made following the lodgement of your March Quarter BAS.
Businesses will also be able to obtain support to cover the cost of apprentices and trainees.
To find out how these payments are calculated and how they apply to you, please read the fact sheet here: Fact sheet – Cash Flow Assistance for businesses