The following 35 links break the 2020 Federal Budget down into bite size bits.
The following links are to Fact Sheets that describe in detail how the Federal Government feels the 2020 Budget will impact you.
These three areas cover all you will need to know but the accompanying two articles cover more specific topics and they might help you better understand how the Budget affects you.
The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of the year.
The legislative instrument implementing the changes to the JobKeeper scheme over the extended period was registered on 15 September 2020.
Although JobKeeper has been in place for many months and is now scaling back, all eligible participants may not have enrolled. The program is targeted to workers in the broad sense.
The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper extension.
The first instalment of 2021 income tax, due for quarterly taxpayers on 28th October may be varied down.
A warning to taxpayers who may be considering cancelling private health insurance because of higher premiums starting for many on 1st October 2020.