QLD Government Announces Interest Free Loans

Tax

The Queensland Government has just announced further measures to help local business keep Queenslanders in jobs amid the Coronavirus crisis. Jobs Support Loans Businesses can access loans of up to $250,000 with an initial 12-month interest free period to assist with maintaining operations and retaining staff. The Queensland Rural and Industry Development Authority is currently…

ATO Support for Businesses – COVID-19

Tax

To assist Australians experiencing financial difficulty as a result of the Coronavirus outbreak, the Australian Taxation Office (ATO) is implementing a number of administrative concessions for businesses. These measures include: The option to defer some income tax and activity statement payments by up to four months Allowing businesses that lodge quarterly activity statements to lodge…