Additional support during COVID-19
Boosting cash flow for employers


"... additional payment is also being introduced in the July – October 2020 period. Eligible entities will receive an additional payment equal to the total of all the Boosting Cash Flow for Employers payments they have received. This means that eligible entities will receive at least $20,000, up to a total of $100,000 under both payments"..... 

COVID-19 (novel coronavirus) – early release of superannuation


Applications for early release of superannuation (super) will be accepted through ATO online services in myGov from 20 April.

Increasing the instant asset write-off


From 12 March 2020 until 30 June 2020, the instant asset write-off:

  • threshold is $150,000 (up from $30,000)

  • eligibility range covers businesses with an aggregated turnover of less than $500 million (up from $50 million).

Businesses with a turnover of $500 million or more are not eligible to use instant asset write-off.

From 1 July 2020, the instant asset write-off will only be available for small businesses with a turnover of less than $10 million and the threshold will be $1,000.

Working from home during COVID-19


Calculating running expenses
There are three ways you can choose to calculate your additional running expenses:

  • shortcut method ─ claim a rate of 80 cents per work hour for all additional running expenses

  • fixed rate method ─ claim all of these

    • a rate of 52 cents per work hour for heating, cooling, lighting, cleaning and the decline in value of office furniture

    • the work-related portion of your actual costs of phone and internet expenses, computer consumables, stationery

    • the work-related portion of the decline in value of a computer, laptop or similar device.