covid-19 tax deductions

covid test expenses are tax deductible and fbt free

Federal Government To Make Covid Tests Tax Deductible And FBT Free

Work-related Covid test expenses are tax deductible The Federal Government has announced that COVID‑19 tests (including Polymerase Chain Reaction and Rapid Antigen Tests) are tax deductible for hard‑working Australians, and exempt from fringe benefit tax for businesses, where they are purchased for work‑related purposes. The change will take effect starting the tax year 2021-2022 This […]

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covid-19 rent concessions and its tax implications

Tax Implications Of COVID-19 Rent Concessions

Understanding your obligations as a landlord or tenant There may be tax implications when you give or receive rent concessions as a result of COVID-19. It’s important to understand these changes and your obligations as a landlord or tenant. The rent concessions can be: A waiver – the tenant no longer needs to pay the

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Claiming tax deductions for employees working from home because of covid-19

Tax Deductions When Working From Home Because Of COVID-19

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

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