April Newsletter 2020

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April Newsletter 2020

After a challenging couple of months with COVID-19 restrictions, Adelaide is leading the way with its quick response and no new cases. Well done SA. As we move towards the next stage of COVID-19 this month’s newsletter discusses the Government stimulus packages available and what it means for businesses and taxpayers. 

COVID-19 – Australia’s governments and the ATO have made a huge number of announcements in recent weeks about measures to support individuals and businesses during the novel coronavirus pandemic. This issue summarises the main ATO administrative changes, concessions and payments, and ways to find more information.

Working from home: what can I deduct? – While working from home has its benefits, there may be extra expenses too. You may be able to claim a deduction for the additional running costs you incur.

Scams targeting natural disaster victims – If you’ve fallen victim to a tax-related scam, contact the ATO as quickly as possible.

Independent review of ATO audit position: small business pilot extended and expanded – The ATO has extended and expanded its pilot program offering an independent review service to eligible small businesses disputing income-tax-related audits.

Super guarantee amnesty for employers – An amnesty is now on for employers in relation to unpaid employee superannuation entitlements from 1 July 1992 to 1 January 2018.

Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.

Yours sincerely

The Team at Rittwatchman & Associates

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