Bookkeeping, Accounting, Budgeting, Business Establishment, Herzig Prosser & Co, Indooroopilly, QLD, Australia

There are several measures that have been introduced to assist individuals and businesses affected by the COVID-19 virus. These include:

• Help with paying ATO debts
• Support for businesses and employers (including boosting cash flow, instant asset write-off, the backing business incentive and JobKeeper payments for your employees)
• Support for individuals and employees (including JobKeeper payments, early release of superannuation and minimum drawdown rate options)
• Support for not-for-profits (including boosting cash flow, amendments for ancillary funds, and JobKeeper changes for charities and universities)
• Support for tax professionals (including lodgement and payment deferrals for your clients)
• Additional support during COVID-19 (including information on lodgement and payment, varying PAYG Instalments or claiming GST credits)

The ATO also has a range of COVID-19 compliance measures.