NEWSFLASH!!! STATE GOVERNMENT ECONOMIC STIMULUS announced payroll tax refunds! The initial cash will go to small and medium-sized businesses with annual payrolls of less than $3 million, with about 24,000 businesses, employing about 400,000 workers, set to benefit. Let’s use the cash to keep people employed!
The firms will be entitled to a refund of all the payroll tax they have paid for the first three-quarters of the current financial year and will get a waiver on their bills from the State Revenue Office for the June quarter.
$1.7 billion fight for state’s economic survival https://www.theage.com.au/national/victoria/andrews-in-1-7-billion-fight-for-state-s-economic-survival-20200320-p54ce3.html
Federal Govt is expected to announce a package for sole traders on Monday
And those that run your business from a property held in your SMSF who are experiencing a downturn in income from COVID-19 and want to provide their own business with debt relief, guidance from ATO expected Monday