Recently, many businesses in Australia were offered a lifeline from the government to ease the pain the pandemic has caused them. Known as none other than the Great ATO Cash Flow Boost of 2020.
A stimulus so large, it has seen the Australian economy surge to the third spot for the most stimulated economies as a proportion of GDP.
But this raises an important question. How should you spend that extra $10,000 (or more) in cash?
This question prompted me to do an analysis myself – on what this Cash Flow Boost means for the wider economy as a whole, and how you should spend yours wisely.
How to spend your Cash Flow Boost wisely: the video
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