JobKeeper Support Package Q&A (subject to legislation being finalised)

Covid-19, Latest News

JobKeeper Support Package Q&A The economic impact of the pandemic has been felt widely across Australia with hundreds of thousands of individuals being made redundant, stood down or experiencing reduced work.  To support affected businesses and their employees through the COVID-19 pandemic the Government recently announced the  “JobKeeper” payment package to help support businesses .…

ATO announces short cut method for claiming home office running costs

Accounting & Tax, Covid-19, Latest News

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…