ATO Community

Re: Cashflow

Newbie

Views 497

Replies 1

My business partner has just moved from a sole trader to a company.  This occurred on the 1st January 2020.  She runs three casual staff iin her domestic cleaning business.  Because she moved entities, it does not seem likely that she will receive the cashflow boost.  She was in business since March 2018 as a sole trader trading under the same business and employing the same staff.  Should she still be eligible even though she did not lodge a company tax return in2019?

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Former Community Support

Replies 0

Hi @clarkebarwood 

 

Thanks for contacting us.

To check if your partner's business may still be entitled to the cashflow boost, you can check the listed special eligibility rules for entities.

Under the requirements for new to business entities, there is a section on providing more information about your eligibility or ineligibility for businesses.

Your partner could apply to seek special consideration under the eligibility rules by contacting the ATO and providing the information to support her claim for entitlement to the cashflow boost.

1 REPLY 1

Most helpful response

Former Community Support

Replies 0

Hi @clarkebarwood 

 

Thanks for contacting us.

To check if your partner's business may still be entitled to the cashflow boost, you can check the listed special eligibility rules for entities.

Under the requirements for new to business entities, there is a section on providing more information about your eligibility or ineligibility for businesses.

Your partner could apply to seek special consideration under the eligibility rules by contacting the ATO and providing the information to support her claim for entitlement to the cashflow boost.