Tax deductions for work related travel can be confusing and complicated. Here’s a brief summary of what records you need to keep:
Generally you need to keep written evidence, i.e. receipts to claim a deduction for work related travel. Where the travel is more than 6 nights you will also be required to keep a travel diary. However, there are exceptions
On 15 September 2020, the Treasury has released the Amendment Rules in relation to the Jobkeeper extension (Jobkeeper 2.0) that was legislated on 16 September 2020. The new extension rules will apply from 28 September 2020 onwards to 28 March 2021 and it will affect all Jobkeeper participants, including employees and business participants.
In short:
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.
Today our Prime Minister and Treasurer announced a third wave of their Stimulus package – the Jobkeeper payment, to assist both businesses and employers to get through the Coronavirus pandemic.
Let’s break it down based on whether you are a business owner (an employer) or employee.
This morning, the Australian Government has announced their second round of policies to further support Australian businesses and individuals as it is expected the Coronavirus will be impacting the economy in the next few months.
This is what we know so far:
