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 .....
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 a.....
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 will .....
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.....
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 loans .....
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