In This Edition:
The JobKeeper payment, which was originally due to run until 27 September, will now continue to be available until 28 March 2021. There will however be some changes to eligibility, as well as a tightening of payment rates. We run through the details.
We also reveal a largely unforeseen danger for insurance cover in the early release of super scheme, and look at the unfamiliar territory, from a tax point of view, that COVID-19 has put property investors.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Click here to view our August 2020 Newsletter
Individuals Working From Home During COVID-19
The ATO have introduced a new shortcut method for individuals working from home during the period 1/3/2020 to 30/6/2020.
The shortcut method, is where you can claim 80 cents per hour covering all expenses, such as:
- phone expenses
- internet expenses
- the decline in value of equipment and furniture
- electricity and gas for heating, cooling and lighting
ATO advice for working from home during COVID-19
Should you require more information regarding any topic covered in our newsletter, please contact GJB on 02 9686 3130 for advice on #yourself, #yourbusiness or #yoursuper.
Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.