In This Edition:
One of the economy-boosting measures initiated to help in a post-COVID recovery is the JobMaker scheme. We run over what you need to know. And especially for this time of year, we look at tax and dealing with natural disasters.
Getting a valuation is sometimes required when managing tax affairs, so we cover the basics in case you need to have an asset valued. We also touch on the realities when a business ceases reporting by single touch payroll.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Click here to view our February 2021 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.