Superannuation

April 2021 Client information Bulletin

Welcome to our April 2021 Client information Bulletin Contents The 1 July 2021 Superannuation changes ATO targets profits of professional service firms Tax treatment of JobKeeper payments handed back to ATO JobMaker fails to boost employment Unemployment rate at pre COVID-19 levels National licence recognition for tradies The 1 July 2021 Superannuation changes Changes from…

ATO announces short cut method for claiming home office running costs

The Australian Taxation Office (‘ATO’) has announced a temporary simplified short cut method to make it easier for individual taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), as a result of working from home due to the Coronavirus pandemic. Refer to the ATO’s Media Release of 7…