LATEST ACCOUNTING NEWS
September update of latest COVID-19 initiatives.
ATO JobKeeper 2.0 guidance surfaces
Expats Return to Australia – Travel Expenses
Profession to be relied on for post-JobKeeper turnover certificates
Update of Superannuation contribution rules from July 1, 2020
Expats & COVID-19 Impacts on tax residency
Economic recovery could be slower than anticipated: RBA
High Court rules in favour of employers on personal leave accruals
JobKeeper Phase 2 - Latest Update
Payroll Tax 2020 concessions and JobKeeper
High alert issued over myGov tax time scam
Extended director penalty regime to catch out ‘zombie companies’
SG amnesty deadline - 7 September
‘Hundreds’ to be contacted in ATO early super compliance blitz
90,000 SMEs to benefit from new JobTrainer program
Work Related expenses – 2020
‘Everyone is now on notice’: ATO acquires COVID-19 data on 3m Aussies
Extra Tools & Resources for our clients.
Year End Tax Deductions – “equipment”
Home Office Claims 2020
Early release of super sees ‘high take-up’
Tax time 2020: ATO homes in on rental deduction claims
ATO announces Div 7A COVID-19 assistance
‘HomeBuilder’ grants now available.
$150k instant asset write-off extended for 6 months
JobKeeper documentation ‘absolutely critical’ in ATO audit
Tax Time Checklists - Individuals; Company; Trust; Partnership; and Super Funds
ATO updates JobKeeper compliance approach
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Temporary Working from Home Expenses Rule

The Australian Taxation Office has announced special arrangements this year – and it affects everyone working from home due to the coronavirus crisis.



       


A shortcut method will allow people to claim a rate of 80 cents per hour, instead of calculating costs for specific running expenses as taxpayers would, under normal circumstances.


Multiple people living in the same house can claim this new rate individually.  It is no longer a requirement to have a dedicated work from home area in order to claim from 1 March  to 30 June.


The person MUST keep a record of hours worked from home.


The existing rules for claiming home remain available.


Of importance today – keep a record of hours worked at home starting 1st March 2020.


 


 


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12th-May-2020
 
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