Business Stimulus
Package Calculator

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What is the stimulus?

The Boosting Cash Flow for Employers measure will provide up to $100,000 back to business (and not for profits), with a minimum payment of $20,000. The payment will be delivered by the ATO via the activity statement system and provide temporary cash flow support to small and medium businesses that employ staff. The payment will be tax free.

The payment is designed to help employers retain their staff and pay their fixed overheads (like rent). The boost is based on PAYG Withholding so that employers are incentivised to keep paying staff (and therefore withholding tax to minimise the stimulus). 

Click here to read more about the COVID-19 Stimulus, Financial Assistance & Support.

What do you need to do?

No forms or applications are required. The cashflow assistance will be provided on lodgement of BASs over the coming months. If you do your own BAS, lodge it as soon as you can. If we lodge your BAS, then work with us to get it lodged for you ASAP. 

We will be working with our clients to ensure they are aware of their eligibility. If you are reading this and you are not a Link client, feel free to reach out to us.

How does it work?

The cash back is based on 100% of your businesses PAYG Withholding.
It will be delivered over two payment periods as follows.
 

TranchesCalculation PeriodCalculation MethodCashflow Benefit
Tranche 11 Jan, 2020 - 30 June, 2020100% of PAYGW for the periodCapped at $50,000 for the period, with a minimum of $10,000
Tranche 230 June, 2020 - 31 Oct, 2020Equal to the amount calculated for period 1Capped at $50,000 for the period, with a minimum of $10,000
TotalMinimum $20,000 and maximum of $100,000

Timing of benefit

The boosting Cash Flow For Employers measure will be applied for a limited number of activity statement lodgements. The ATO will deliver the payment as a credit to the business upon lodgement of their activity statements. Where this places the business in a refund position, the ATO will deliver the refund within 14 days. Where you have an amount owing to the ATO, it will go towards reducing this amount.  

Tranche 1 :
Calculation Period 1 Jan,2020 to 30 June, 2020

Lodgement CycleEligible periodAgent lodgement due date
QuarterlyQuarter 3 (1 January, 2020 to 31 March, 2020)
Quarter 4 (1 April, 2020 to 30 June, 2020)
26 May, 2020
25 August, 2020
MonthlyMarch 2020
April 2020
May 2020
June 2020
21 April, 2020
21 May, 2020
21 June, 2020
21 July, 2020

Tranche 2 :
Additional Payment

Lodgement CycleEligible periodAgent lodgement due date
QuarterlyQuarter 4 (1 April, 2020 to 30 June, 2020)
Quarter 1 (1 July, 2020 to 30 Sept, 2020)
25 August, 2020
25 November, 2020
MonthlyJune 2020
July 2020
August 2020
September 2020
21 July, 2020
21 August, 2020
21 September, 2020
21 October, 2020

The minimum payment will be applied to the business’ first lodgement (i.e. the March 2020 BAS) 

Do you
need help?

We are here to support you and other small businesses across Australia. If you would like more information and professional help navigating your business through these unprecedented times, please reach out to us and our helpful team will talk you through your specific situation.

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Business Stimulus Package Calculator

Eligibility