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Latest News

Budget 2020 – At a Glance, Overview, Outlook
24/10/2020

Budget 2020 – At a Glance, Overview, Outlook

 

These three areas cover all you will need to know but the accompanying two articles cover more specific topics and they might help you better understand how the Budget affects you.

 

by RA Advisory Team 0
Temporary home office expenses shortcut extended again
22/10/2020

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.

 

by RA Advisory Team 0
JobKeeper extension – changes implemented
19/10/2020

JobKeeper extension – changes implemented

 

The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.

 

by RA Advisory Team 0
JobKeeper Participants – are “workers”
16/10/2020

JobKeeper Participants – are “workers”

 

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.

 

by RA Advisory Team 0
Commissioner registers updated JobKeeper alternative tests
13/10/2020

Commissioner registers updated JobKeeper alternative tests

 

The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper extension.

 

by RA Advisory Team 0
Varying Pay As You Go (PAYG) Instalments
10/10/2020

Varying Pay As You Go (PAYG) Instalments

 

The first instalment of 2021 income tax, due for quarterly taxpayers on 28th October may be varied down.

 

by RA Advisory Team 0
Reminder of Medicare Levy Surcharge (MLS)
08/10/2020

Reminder of Medicare Levy Surcharge (MLS)

 

A warning to taxpayers who may be considering cancelling private health insurance because of higher premiums starting for many on 1st October 2020.

 

by RA Advisory Team 0
ATO JobKeeper 2.0 guidance surfaces
27/09/2020

ATO JobKeeper 2.0 guidance surfaces

 

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.

 

by RA Advisory Team
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