Rental deduction hotspots for this tax time have now been identified by the ATO as it anticipates a change in claims because of COVID-19 and recent natural disasters.
From 1 July 2020, parents accessing the Government’s parental leave pay (PPL) scheme will have greater flexibility and options.
An increase to the minimum wage of 1.75% will start rolling out for the first full pay period from 1 July 2020.
An employment termination payment (ETP) is a lump sum payment made to an employee when their job is terminated.
Taxpayers affected by COVID-19 will now be able to request for an extension of time to meet the minimum yearly repayment on complying Division 7A loans.
Working from home because of due to COVID-19? ATO introduced a new 80 cents per hour tax shortcut.
The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home.