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ATOs Support for NFPs

Jennifer Motisanti has released an update on how the ATO will be supporting NFPs during the COVID-19 pandemic.

The update mentions the following measures that have been enacted:

  • Cash flow assistance for employers
  • Tax-free treatment of stimulus payments
  • Increasing the instant asset write-off, making more businesses eligible
  • Backing business investment by accelerating depreciation deductions

Useful links and resources are also shared in the update, including a link to common questions and answers and an article with advice tailored to NFPs.

Click here for more information.

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