Stimulus Package Home Office Expenses
As the situation around COVID-19 continues to develop, the ATO acknowledges you may now be working from home and you may incur expenses that you can claim at tax time.
The Australian Governments Second Economic Response to the Corona Virus*
On 22 March the Government announced a second set of economic responses to the Corona Virus emergency. The economic measures are designed to support businesses in managing short-term cash flow challenges, provide support to individuals, severely affected communities and regions, and to ensure the continued flow of credit in the Australian economy.
Pets, PJ’s and laptops. Are you working from home?
Are you working from home due do the Covid-19 emergency? People who normally work in an office might not realise some of the tax benefits you’ll be able to claim. It’s time to start collecting those receipts and get a start on your tax time deductions.
The Australian Government’s Economic Response to Coronavirus
On 12 March 2020, the government announced a package of measures to help the economy withstand and recover from the economic impact of coronavirus. The following measures will be administered by the ATO.
Are you an employee or a contractor? It pays to know the difference
In today’s fast-changing workplace, the gig economy is booming. More and more companies hire external consultants, contractors and freelancers on a per project basis rather than hire full-time staff. However there is a risk, and a grey cloud, when it comes to employment and who is considered staff and who is considered a contractor.
Australian Superannuation Myths: What You Need to Know
Most Australians will rely on their superannuation to fund their retirement. Superannuation is a percentage of your salary that’s collected as part of your income tax and put into a fund that you will be able to access after your preservation age. However, the effectiveness of superannuation is widely misunderstood.