Author name: Oddball

JobKeeper dominates headlines but as yet, only the new 1 July 2020 employee test date has been confirmed. Legislation to enact the extension of JobKeeper beyond 27 September is currently before the Senate. The legislation however is merely a framework for the rules. The detail of how JobKeeper 2.0 works in practice will require a […]

21 September Lodge and pay August 2020 monthly business activity statement. 30 September Lodge PAYG withholding payment summary annual report if prepared by a BAS agent or tax agent.If a payer has only closely held payees and their tax agent helps prepare their report, they may be eligible for a concession to lodge this report by the

On Friday 14 August 2020, the Treasurer released the updated JobKeeper Rules dealing with eligible employees which apply from 3 August 2020 onwards. Specific rules dealing with JobKeeper 2.0 have not yet been released. New test date for employees Under the original JobKeeper rules, an employee generally needed to have been employed by the entity at 1

11 August Activity statements Quarter 4 (April–June) activity statements lodged electronically – final date for lodgment and payment refer to Lodging your activity statements online for information on your eligibility for this later due date finalising all your PAYG instalments before you lodge your tax return will ensure you receive the correct amount of credit in your income tax

JobKeeper has been extended for another 13 fortnights albeit with additional eligibility criteria and reduced payment rates. And once again, at present, the fine detail of eligibility and access to JobKeeper 2.0 has not been released. As soon as we see anything, we’ll let you know. Also of note this month is the Division 7A relief

JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be eligible. The proposed changes would enable employees employed on 1 July 2020 to receive JobKeeper payments from 3 August if

COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under the COVID-19 measures, there are some additional steps that trustees need to take. Trustees will need to ensure their deed

During lock down I have had to work from home. I’ve set up a full home office with paintings, plants, a desk, computer equipment, a water tower and a sculpture. I presume I can claim everything I have purchased for this office and claim part of my mortgage and running costs? In general, home office

The Treasurer has today expanded access to JobKeeper. Employees that previously failed the JobKeeper eligibility test as they were not employed on 1 March 2020, may now be eligible for payments from 3 August 2020 if they were employed on 1 July 2020. To receive JobKeeper from 28 September 2020, employers will need to reassess

JobKeeper 2.0 The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees. If your business currently receives JobKeeper, your arrangements will generally remain unchanged until 27 September 2020. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility