June 30, 2020
2020 has seen Australia suffer under the weight of devastating bushfires, disastrous floods and the social and economic collapse caused by the Coronavirus. With the economic climate looking bleak for the foreseeable future, businesses are struggling to keep afloat.
In an attempt to provide relief, the Australian Government offered a series of administrative measures to assist businesses suffering financial difficulty due to COVID-19. Among these measures comes support from the Australian Taxation Office (ATO).
Financial support options available from the ATO:
These support measures will not be automatically implemented.
The ATO has advised that any businesses impacted by COVID-19 should contact them directly through their emergency support infoline on 1800 806 218 to request assistance.
For further information on support measures offered by the ATO, click here.