Budget 2020 – A very comprehensive break down

  All the links you will need to read about exactly what Budget 2020 means for you:   JobMaker Creating jobs and rebuilding our economy Jobs and tertiary qualifications Taxes Infrastructure and transport Residential construction Energy s...
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JobKeeper extension – changes implemented

  The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.           In brief The legislative instrument implementing the Government’s changes to the...
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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.     An “eligible business participant” is an individ...
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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.           If your business or investment income has been affected by covid-19 (or any other factors) and has reduced, the instalm...
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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.           The temporary shortcut method for calculating home office expenses has now been extended to 31 De...
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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.     Budget 2020   At a glance  Overview E...
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Commissioner registers updated JobKeeper alternative tests

  The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper extension.           The Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover T...
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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 b...
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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. You could become liable for a surcharge in its place – and have no benefits. A single taxpayer w...
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