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CASH FLOW BOOST explained

The Government is providing temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during the economic downturn associated with COVID-19 (novel coronavirus). This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees. Every second person seems to be confused with this cash flow boost and how it works so we will break down the key points for you below. What is it? Credit (not cash payment) in activity statement Applied against current Activity Statement NOT against older debts Implemented to support businesses with employees during COVID-19 How much is it? TWO CASH FLOW BOO

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