Taxation

31 Oct, 20

All you need to know about Family Tax Benefit

Recently, the Australian government has launched a new scheme for the tax benefit of Australian families. This scheme intends to reduce the financial burden of Australian families while raising their children. There are several such schemes that are already in effect but in this blog, we are going to talk about the Family Tax Benefit […]

15 Oct, 20

Work from home expense deduction extended till the end of the year

It was a temporary method that was introduced to reduce the tax by up to 80% for those who are working from home. But now this method has been extended till 31 December 2020. This method was introduced in March but it has been further extended because a lot of workers are still working from […]

15 Oct, 20

Are you Eligible for JobKeeper?

This information is for all those who have applied for JobKeeper. It is time for them to check whether you are eligible for this scheme any more. A business participant is eligible for this scheme if he is not employed in your business but is active in one of your business’s operation. He might be […]

14 Oct, 20

Families using Granny Flat arrangements will get CGT exemptions

Now all the families living in Australia who wish to care about the elder people (parents) using the granny flat arrangements will get exemptions in capital gains tax. This rule was introduced by Treasurer Josh Frydenberg. This exception from the capital tax gains will be valid for the written granny flat arrangements in the variation, […]

14 Oct, 20

How can One Lodge his Tax Return

Any tax return in Australia is for the entire year from 1 July of the last year to 30 June of the current year when you are filing your return. But this year is quite different as there is a pandemic situation going on around the world and in Australia. The people of Australia can […]

08 Oct, 20

The budget of 2020: Are you a winner or loser

This situation is quite tough for a treasurer to deliver the budget for a country. As the country’s economy is in the worst-hit state in the last 30 years and it is not fixed when this pandemic is going to end. But the treasurer Josh Frydenberg has unveiled the budget for this year and he […]

07 Oct, 20

Are you getting a job from the Federal Budget of 2020

As the vision of Josh Frydenberg is clear that he is trying to help the Australian economy in faster recovery by creating more jobs. As there are a lot of Australians who lost their jobs in the pandemic. So, people need to be informed about the sectors where more jobs have been created. Construction workers: […]

07 Oct, 20

The Federal Budget of the year 2020 and what does it hold for everyone in this country

Recently, Josh Frydenberg (the treasurer) unveiled the Federal Budget for 2020. There were many speculations about this budget. As the economy of the country is in one of the worst situations ever after the second world war. This budget has a lot to do in shaping the future of the economy. It would be alarming […]

23 Sep, 20

Josh Frydenberg is about to introduce tax cuts

Josh Frydenberg has made it very clear that it is high time to introduce income tax cuts. This decision has been made by seeing the state of the Australian economy in the worst position since the time of World war 3. The GDP of Australia has fallen by 7 percent for the quarter of June. […]

23 Sep, 20

Here is what the sole traders need to know about JobKeeper 2.0

It’s been a while since the introduction of the government scheme called JobKeeper to keep the working-class people of Australia employed. But recently some modifications were introduced in this scheme to make it more convenient and accessible for the people who need it the most. In any moment like this, the sole traders are in […]