In This Edition:
Despite the current COVID-19 constraints, completing your tax return remains a task we can help achieve to your best advantage. We look at some tax tips for the current tax lodgement period. There is also some good news on the instant asset write-off, and a timely reminder about the importance of being covered against cyber crime.
The requirement for corporate entities to hold general meetings has been helped along by allowing this to be completed remotely, and we also remind relevant taxpayers that varying of instalments, if need be, can help you out of a tight spot.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Click here to view our July 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.