In: Accounting
How the Australian Government and the Australian Taxation Office assisted both businesses and taxpayers during the Covid-19 crisis.
In your essay, you should address questions such as:
A variesty of steps have been taken by Te Government and ATO to assist bot businesses and individual taxpayers.Following are the main pointers -
The Government had swung in action in March 20 itself.a month earlier would have been a better act because WHO had declared COVID 19 as pandemic in mid January 20.
The assistance looks reasonable as these also have long term effects on the Treasury and also the duration of pandemic is still unknown and no vaccine looks into sight.
The main focus as been on small and medium businesses so as tey have sufficient cash flow support and retain the workforce.