ATO's Economic Response to Coronavirus

The ATO have released a list of proposed measures to help small businesses withstand the economic impact of coronavirus.

Measures include increasing the instant asset write off to $150,000 and boosting cash flow for employers by applying a 50% credit for pay as you withholding tax for the March 2020 and June 2020 quarters.

Click this link to find out more:

https://www.ato.gov.au/General/New-legislation/The-Australian-Government-s-Economic-Response-to-Coronavirus/