Claiming expenses when working from home Many people are asking questions about claiming expenses when forced to work from home over the COVID-19 period. What’s more, there seems to be a lot of concern about any consequent capital gains issues when later selling a property from which people have been coerced to work from during …
The alternative turnover test will only apply to certain circumstance An alternative decline in turnover test for the JobKeeper payment scheme has now been registered by the ATO. The ATO says the alternative tests will only kick in if an entity cannot satisfy the basic decline in the turnover test. The instrument applies to provide …
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Are you an employees working from home? As the situation around COVID-19 continues to develop, you may now be working from home and you may incur expenses that you can claim at tax time. To claim a deduction for working from home, all of the following must apply: You must have spent the money The …
Tax Deductions When Working From Home Because Of COVID-19 Read More »
The government announced a new subsidy package for businesses The government announced at the end of March a further massive subsidy for businesses to help them retain employees so they are ready to get back to business when the current coronavirus issues subside. The new subsidy is called a JobKeeper payment. The key things to …
The Federal Government Announces The New JobKeeper Subsidy Package Read More »
In response to the Coronavirus crisis, The Federal Government has announced a range of measures to support the economy, business and employment in the face of the coronavirus health crisis. The measures include the below. 1. Cash Flow Boost for employers Employers with an aggregated annual turnover of under $50 million (based on prior year …
Federal Government Announces Coronavirus Stimulus Package Read More »