The government is implementing measures to help businesses recover from the impact of COVID-19.
You can find out more about those measures in our new Tax inVoice podcast episode. It's your chance to hear senior ATO staff and experts explain elements of the government's JobMaker Plan, including:
The podcast episodes give you an overview of the measures and how your business may be able to benefit from them:
Loss carry back and temporary full expensing work together to help businesses.
Temporary full expensing encourages new investment, which may result in tax losses. The choice to carry back tax losses may result in a tax refund which will increase business cash flow.
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JobKeeper Payment ended on 28 March 2021.