Where are we now

Updated: 04/12/2020

We understand life has been challenging this year and we’re celebrating the “new-normal” and the remaining stimulus packages.

Here’s our summary digest on the highlights for where we are now:

Welcome to the 2021 calendar year! We’ve made a calendar for you with key dates and public holidays. Click here > check it out, open it, print it, use it!

This means 2020 Tax Time is here. Reach out for help to have your tax wrapped up.
Employers:
- JobKeeper Etension 2 (January - March 2021 payments);
  Re-testing opens in January for Ext2 of the JobKeeper pmnts at reduced rates:
  Tier 1: $2,000/mth
  Tier 2: $1,300/mth
- JobMaker incentive to hire a JobSeeker aged under 35;
  $100/week back for new hires aged 16-29 or $200/week for 30-35 year olds.
- Cashflow Boost (until October 2020) credited against the BAS; and
- Apprentice/Trainee Subsidy (extended to 31/03/2021).
Individuals:
- Tax cuts in the 2020-21 Budget!
- Centrelink’s JobSeeker (‘Coronavirus Supplement’ extended to 31/03/2021); and
  Extra $250/fn until 31/12/2020 and extra $150/fn until 31/03/2021).
- Early Access Super (extended 31/12/2020).
HomeBuilder (and renovator) Grant (extended 31/03/2021).
$25,000 until 31/12/2020 then $15,000 until 31/03/2021).
New Tax Deductions to consider:
- Working from home (WFH)
  The ATO are giving an 80c/hour shortcut claim for your home running expenses while WFH until 31 December 2020. This may not give the highest deduction though, there are still other ways to claim home office use so we suggest keeping records of your WFM hours (diary or roster) and expense receipts (electricity, phone, internet, office supplies, devices) so we can work out the best claim at tax time.
- COVID-19 Protection
  You may be able to claim hygiene gear, such as sanitiser, soap, face masks, gloves, etc if you worked in an occupation that requires physical contact or close proximity with customers during COVID-19, e.g. healthcare, hospitality or retail. Supplies to keep good hygiene during the pandemic at home or in the workplace is still deemed personal use but the community thanks you.

QLD Govn COVID-19 Adaptation $10,000 Grant Program
- Round 2 CLOSED (opened 01/07/2020, now only open to Regional Qld).
- Round 1 CLOSED on 23/05/2020 after only days open due to an overwhelming number of applications.
VIC Govn Business Support Packages

Business: increased instant asset write-off $150k threshold extended to 30/06/2021.
Business Health Check
Queensland’s Easing Restrictions Roadmap
Stay positive, opportunistic and practical.

We'll continue to keep you updated here and on our socials.

We’re available to you via phone, Skype and email so feel free to message us.

QUEENSLAND'S EASING RESTRICTIONS ROADMAP

From 15th May, the Premier of Qld began to ease the COVID-19 restrictions and released this roadmap with a staged approach to give Qlders more freedom within social distancing health guidelines. We're currently free.

Where are we now

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