
Temporary home office expenses shortcut extended again
The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.
The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.
The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.
Although JobKeeper has been in place for many months and is now scaling back, all eligible participants may not have enrolled. The program is targeted to workers in the broad sense.
The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper extension.
The first instalment of 2021 income tax, due for quarterly taxpayers on 28th October may be varied down.
A warning to taxpayers who may be considering cancelling private health insurance because of higher premiums starting for many on 1st October 2020.
With the ending of a number of the original COVID-19 relief and stimulus initiatives, August and the beginning of September has seen the release of new plans to move into the post-September period. Links to these updates and changes are listed below.
The Tax Office has published preliminary guidance on the extension of JobKeeper as the profession continues to wait on the amended rules to be registered.
One of the conditions of deductibility of travel expenses, is that the expense is not a private or domestic nature.
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