Business & Tax Accounting | Personal Income Tax Lodgement | Self Managed Super Funds


Jobkeeper eligibility

On Friday afternoon the Treasurer Josh Frydenberg released a Jobkeeper update.  We have attached a link below where you can read this update in full. The main focus of this update relates to clarification of the “one in, all in’ principle and also changes for Full time students aged 16 and 17 years old. If […]

Australian State and Territory economic relief and stimulus package summaries

In response to the coronavirus (‘COVID-19’) pandemic currently impacting the economy and businesses generally, each Australian State and Territory Government has announced relief and other support packages as part of the broader economic stimulus measures….(see attached PDF for more info) CONTINUE READING

The JobKeeper Payment

The JobKeeper Payment is a wage subsidy that will be paid through the tax system (i.e., it will be administered by the ATO) to eligible businesses impacted by the Coronavirus. Under the scheme, eligible businesses will receive a payment of $1,500 per fortnight per eligible employee and/or for one eligible business participant (i.e., an eligible […]

ATO announces short cut method for claiming home office running costs

The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), as a result of working from home due to the Coronavirus pandemic. Refer to the ATO’s Media Release of 7 […]

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