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ATO Cashflow Boost

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Sam_L
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ATO Cashflow Boost

I was wondering if anyone had any thoughts about how the proposed Federal government's ATO Cashflow Boost will be entered into MYOB Accountright? They will be credited against our PAYG Liabilities when we lodge our BAS.

 

Many thanks.

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BuilderMan
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Re: ATO Cashflow Boost

Hi Sam - Ive been searching for an answer for the same question.  Have you had any luck?

Steven_M
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Re: ATO Cashflow Boost

Hi @Sam_L  @BuilderMan 

 

We do recommend speaking with an accountant in regards to the best way to show that particular information on your BAS. 

 

From an MYOB BASLink point of view, online activity statements forms are provided directly from the ATO based on the information you do have listed at their end. So I would make sure that you are eligible for that and should you need to indicate to the ATO to uptake on that you have done so. If you file manually, you would be looking at taking that credit amount into account when filing and thus adjustments may need to be made and its best to speak to a BAS expert in regards to that process.

Kind regards,
Steven

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Sam_L
Trusted Cover User
24 Posts
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Australia
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Re: ATO Cashflow Boost

Hi BuilderMan,

 

I've had one response but I expect some solutions to be added towards the end of the month.

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