JobKeeper

20 Jan, 21

The sole trader in a win-win state for Jobkeeper test case

The AAT has overturned the decision from the Australian Taxation Office to deny a sole trader access for Jobkeeper after the Administrative Appeals Tribunal traced down that its backdated ABN registration has satisfied the integrity rules set within the norms. In December 2020, the Administrative Appeals Tribunal ruled out te sole trader Jeremy Apted was […]

19 Jan, 21

ATO to extend 80 cents per hour work-from-home deduction method

As the intense impact of Covid-19 has spread across the globe, it has affected the economical growth of nations. Every segment is now suffering from pandemic effects, and as a result, a significant number of employees along with business owners have also started working from home and incurring extra running expenses as compared to their […]

21 Dec, 20

Are your lenders ready to accept your JobKeeper payment as income?

The government introduced JobKeeper to help all the businesses across Australia. All the businesses whose income has been reduced due to COVID-19 are eligible for it. At first, it was about to last till 27 September 2019. But later, the government extended it till January 2021. The number of home loan borrowers is also increasing […]

15 Oct, 20

Are you Eligible for JobKeeper?

This information is for all those who have applied for JobKeeper. It is time for them to check whether you are eligible for this scheme any more. A business participant is eligible for this scheme if he is not employed in your business but is active in one of your business’s operation. He might be […]

23 Sep, 20

Here is what the sole traders need to know about JobKeeper 2.0

It’s been a while since the introduction of the government scheme called JobKeeper to keep the working-class people of Australia employed. But recently some modifications were introduced in this scheme to make it more convenient and accessible for the people who need it the most. In any moment like this, the sole traders are in […]

18 Sep, 20

ATO Doesn’t Consider the Job Keeper Payments as a Part of Aggregated Turnover

JobKeeper payments have been considered as assessable income. But there are certain concerns regarding the status of JobKeeper payments as whether they fall under ordinary income or statutory income. For those who don’t know about it, under this scheme, the business which has been affected the most due to the outbreak of Corona COVID-19 will […]

31 Jul, 20

By admin
Accounting, Business, JobKeeper, Taxation
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Accounting profession latest JobKeeper 2.0 Regulations

The Government of Australia declared six-month extension to its Job Keeper Program whose expiry was scheduled on 27 September. JobKeeper 2.0 will experience diverse payment rates, and likewise, the eligibility requirements too would be different till March 2021. Job keeper payments are also subjected to reduction from 28 September 2020 to 3 January 2021 with […]

31 Jul, 20

Save yourselves from high costs by avoiding these tax return mistakes: Recommendation by the ATO.

Australian Taxation Office came up with some essential recommendations after noticing the blunders committed by many taxpayers and have paid the high cost for it. With the Covid-19 outbreak affecting the normal life and pocket adversely, the new financial year 2020-21 immediately experienced early tax return filing, application for superannuation, and many government programs. The […]

17 Jul, 20

By admin
Accounting, Business, JobKeeper, Payroll, Taxation
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Get quick tax refunds by understanding the right way to file your returns: ATO

ATO has announced a big refund on tax returns after the outbreak of global pandemic ‘Coronavirus.’ Resulting in, lots of Australians are anticipating more refunds than ever before. But if you don’t want to fall into the tax trap, which may prove costly to you, some crucial points become essential to note down in your […]

17 Jul, 20

By admin
Accounting, Business, JobKeeper, Payroll, Taxation
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How To Claim Tax Offset Up To $2160? What Are The Income Parameters For It?

How Covid-19 has battered the economy, isn’t hidden from all of us. All are well-acquainted with this hard-hitting situation that has introduced us with a depressing recession time. Therefore, the Australian government is striving hard to help people with lots of initiatives, and Tax Offset is one of them. Owing to claim Tax Offset, which […]