In This Edition:
The JobKeeper scheme has been extended, and there are some important changes that participants will need to know. In good news, the treatment of JobKeeper income has been clarified.
We also look at two further data matching programs that have been launched, smooth concerns some may have had over the easing of loan repayment demands due to COVID-19, and check on the state-by-state treatment of the electronic signing of official documents.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Click here to view our October 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.