Work from home – Shortcut method

  Work from home – Shortcut method   ATO has introduced a shortcut method to simplify how you calculate your deduction for working from home. This method is temporary and only available for the period 1 March to 30 June 2020. All employees working from home in this period can use this method.   Using this method, […]


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JobKeeper – Business monthly declaration

  JobKeeper – Business monthly declaration   If you have enrolled for the JobKeeper Payment and identified your eligible employees, you need to make a business monthly declaration to the ATO. You will be able to do this from the 1st to the 14th day of each month, to receive reimbursements for the payments you […]


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PAYG INSTALMENTS

  What is a PAYG Instalment?   A PAYG instalment is an estimate only made by the Australian Taxation Office based on your previous years’ assessment and is essentially a prepayment of the tax liability.   The ATO will also determine how frequently you are required to pay these instalment amounts.   How do PAYG […]


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JobKeeper payment – How to Enroll? (from 20 April 2020 onward)

  JobKeeper payment – How to Enroll? (from 20 April 2020 onward)   You or a registered tax professional can enrol for the JobKeeper payment:   Step 1 – Register your interest and subscribe for JobKeeper payment updates. Step 2 – Check you and your employees meet the eligibility requirements. Step 3 – Continue to pay at least $1,500 […]


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JobKeeper Payment – Calculating fall in turnover for Eligible employers

    JobKeeper Payment – Calculating fall in turnover for Eligible employers   Employers will be eligible for the JobKeeper payment if all of the following apply:   On 1 March 2020, you carried on a business in Australia or were a not-for-profit organisation that pursued your objectives principally in Australia. You employed at least one […]


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