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Do I have to have already paid $1,500 to get $1,500?

The JobKeeper application comes out on Monday and there is still one big question… As the JobKeeper payment is “monthly in arrears”, do I have to have paid my employees $1,500 a fortnight to get the $1,500 JobKeeper payment from the ATO (effectively reimbursing me for all or some of the amount I have already […]

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COVID-19 and working from home

I have worked from home for over a decade. and I have always claimed my 52 cents for every hour I work. But now all the rest of you have joined me on the short morning walk from the kitchen to the desk… you get 80 cents and hour and I am stuck with my […]

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COVID-19 Self Employed, JobKeeper and using Structures

Sorry to spam you with COVID-19 stuff but a fact sheet just came out from the Treasury on the JobKeeper payments and those self employed people who use structures (partnerships, trusts and companies) and it has some strange thingsā€¦ but good things aboutĀ . In summary it says (see pages 10 and 11 of the factsheet […]

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JobKeeper payment in 10 minutes…

Ten minute video on COVID-19 and the JobKeeper payment… Enjoy And the source documents from the Treasury website

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Work Related Deductions & Substantiation

“I just have to have the documentation to prove my work related deductions.” Wrong. If you don’t have the substantiation you don’t have a deduction. Subsection 900-15(1) states… To claim a work expense as a deduction you need to pass two tests. The first is the normal deduction rules and the second is you have […]