ATO Community

Cash flow boost

Newbie

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Replies 1

Hi,
Im concerning about cash flow boost. I started my small business in November last year. I did not lodged any activity statement yet. I contacted my tax agent in December but he was in overseas in that time. He replied me that he will lodged your pending activity statement once he return to australia. But when he returned i contacted him again over the phone and ask him to lodge my activity statements but he said he had lots of work pending but he will lodged it as soon as he get time as this is not very urgent. I was very worried about delay. I contacted different tax agents who can lodged my statements. But i was not comfortable to share my all bank statement and my personal details with them. He is the only my tax agent since i came in australia from last around 8 years.
Now i did not lodged any statement on or before 12 march 2020. I asked about cash boost to my tax agent, he applied for that but system refused. Then he applied manually it refused again with the objection of that i did not lodged any activity statement on or before 12 march and ato does not have any record of your income/sales. He finally said we have 60 days time for appeal to commissioner.

Im transferring salary since i started company without any gap. Didn’t changed a nature of business since it started. I have all bank transactions records including invoices from client pay slips till today.

Lastly, please advised me in my circumstances Is there any possibility to get the cash flow boost if we appeal to commissioner for discretion ?
1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Devotee

Replies 0

Hi @Azi_86

 

Thank you for reaching out to our community.

 

There is a thread on our community about applying for Commissioner's Discretion for Cash Flow Boost that you may find helpful.

 

If you have been found to be ineligible and your Tax Agent has been advised of your rights to object to this decision, then you can prepare this with help from the boosting cash flow for employers eligibility information on our website.

 

You may need to contact us if you wish to discuss your personal circumstances and eligibility for the cash flow boost payment.

 

All the best with this.

1 REPLY 1

Most helpful response

Devotee

Replies 0

Hi @Azi_86

 

Thank you for reaching out to our community.

 

There is a thread on our community about applying for Commissioner's Discretion for Cash Flow Boost that you may find helpful.

 

If you have been found to be ineligible and your Tax Agent has been advised of your rights to object to this decision, then you can prepare this with help from the boosting cash flow for employers eligibility information on our website.

 

You may need to contact us if you wish to discuss your personal circumstances and eligibility for the cash flow boost payment.

 

All the best with this.