The JobKeeper Payment – Your Questions Answered

The JobKeeper Payment – Your Questions Answered

The JobKeeper Payment – Your Questions Answered

On 8 April 2020, the Federal Government passed a package of Bills to give effect to the JobKeeper Scheme.  The following is a broad summary of the key aspects of the payment based on the Treasurer's Legislative Instrument and updated informaion currently available on the Tags: , , , , , , , , read more

Claiming Home Office Running Costs during the Covid-19 Pandemic

Claiming Home Office Running Costs during the Covid-19 Pandemic

The ATO has announced a temporary short cut method to make it easier for individual taxpayers to claim deductions for running expenses incurred as a result of working from home due to the Coronavirus pandemic. The ATO will allow individuals to claim a deduction at a rate of 80 cents for each hour.....

Boosting Cash Flow for Employers

Boosting Cash Flow for Employers

During the economic downturn associated with the coronavirus, the Government will provide tax-free cash flow boosts of between $20,000 and $100,000.  This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees. Eligibility You w.....

Contractor Vs Employee

Contractor Vs Employee

Most of us understand the simple distinction between contractors and employees: An employee works in someone else's business - the business controls how, where and when they do their work, pays them a wage and superannuation, leave and other entitlements.  A Contractor runs their business, pays the.....

Are You Getting a Tax Payable Due to Your Student HELP Debt?

Are You Getting a Tax Payable Due to Your Student HELP Debt?

Having a HELP Debt can cause unexpected impacts on your tax returns.  The ATO has recently lowered the repayment threshold for all study and training loans. From the 2019/20 year compulsory payments begin if you repayment income is $45,881 or more. From 1 July 2019, all study and training loan.....

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