JOBSEEKER, JOBKEEPER, NOW… JOBTRAINER!

The federal Government has launched JobTrainer, a new initiative intended to help ease the increasing unemployment rate in Australia. It is aimed at improving the skills of the young workforce who unexpectedly found themselves unemployed. The…
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Varying PAYG instalments because of COVID-19

PAYG instalments is a system that helps you manage your expected tax liability on income from your business or investments for the current income year by making smaller regular payments. To assist taxpayers experiencing financial difficulty…

COVID-19 and residential rental property claims

Many residential rental property owners have had their rental income affected by COVID-19. As a result of this income year not being business as usual, the ATO has provided answers to some typical scenarios that may crop up in this area for…

COVID-19 corporate residency concession

The ATO has announced an important tax residency concession for foreign incorporated companies during the COVID-19 crisis. Background On 24 March 2020, the government announced a ban on Australians travelling overseas, using powers…
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Rental (passive) income and ‘carrying on a business’ for JobKeeper eligibility

When assessing eligibility for JobKeeper assistance, the first question that must be answered is whether the entity was carrying on a business as at 1 March 2020. This question is of particular relevance to entities that have solely or predominantly…

Working from home

Conditions of working from home In general, the deductions you can claim depend on whether: you have a work area – a room such as a study or spare room is set aside primarily or exclusively for work activities but your home isn't your…

SMEs to receive rent waivers, deferrals

Small and medium businesses will now be granted rental waivers and deferrals under a mandatory Code of Conduct unveiled by Prime Minister Scott Morrison. Under the Code of Conduct, landlords will be required to reduce rent proportionate to…

UPDATE ON AWARDS AND LEAVE ENTITLEMENTS

The Fair Work Commission announced on 1st April 2020 that it intends to update 103 awards to address the current challenges.  This will include two measures - Unpaid Pandemic Leave and Annual leave at half pay.  These proposed measures…

JobKeeper Payment

The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the Coronavirus to support them in retaining employees. Eligible businesses that elect to participate will receive a payment of $1,500 per…