Budget 2020 – Fact Sheets
October 27, 2020 12:00 am Comments Off on Budget 2020 – Fact Sheets
The following links are to Fact Sheets that describe in detail how the Federal Government feels the 2020 Budget will impact you.
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Budget 2020 – At a Glance, Overview, Outlook
October 24, 2020 12:00 am Comments Off on Budget 2020 – At a Glance, Overview, Outlook
These three areas cover all you will need to know but the accompanying two articles cover more specific topics and they might help you better understand how the Budget affects you.
Temporary home office expenses shortcut extended again
October 22, 2020 12:00 am Comments Off on Temporary home office expenses shortcut extended again
The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.
JobKeeper extension – changes implemented
October 19, 2020 12:00 am Comments Off on JobKeeper extension – changes implemented
The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.
JobKeeper Participants – are “workers”
October 16, 2020 12:00 am Comments Off on JobKeeper Participants – are “workers”
Although JobKeeper has been in place for many months and is now scaling back, all eligible participants may not have enrolled. The program is targeted to workers in the broad sense.
Commissioner registers updated JobKeeper alternative tests
October 13, 2020 12:00 am Comments Off on Commissioner registers updated JobKeeper alternative tests
The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper extension.
Varying Pay As You Go (PAYG) Instalments
October 10, 2020 12:00 am Comments Off on Varying Pay As You Go (PAYG) Instalments
The first instalment of 2021 income tax, due for quarterly taxpayers on 28th October may be varied down.
Reminder of Medicare Levy Surcharge (MLS)
October 8, 2020 12:00 am Comments Off on Reminder of Medicare Levy Surcharge (MLS)
A warning to taxpayers who may be considering cancelling private health insurance because of higher premiums starting for many on 1st October 2020.
September update of latest COVID-19 initiatives.
September 30, 2020 12:00 am Comments Off on September update of latest COVID-19 initiatives.
With the ending of a number of the original COVID-19 relief and stimulus initiatives, August and the beginning of September has seen the release of new plans to move into the post-September period. Links to these updates and changes are listed below.
ATO JobKeeper 2.0 guidance surfaces
September 27, 2020 12:00 am Comments Off on ATO JobKeeper 2.0 guidance surfaces
The Tax Office has published preliminary guidance on the extension of JobKeeper as the profession continues to wait on the amended rules to be registered.
