Work From Home Office Deductions
WFH expenses increasing your household overhead costs? For home-office deductions in Australia, the ATO offers three methods—Shortcut, Fixed Rate, and Actual Cost—each catering to different levels of expense and record-keeping requirements. Additional Expenses The shift to working from home due to the pandemic has led to additional expenses, which can be claimed as deductions according […]
Amnesty for Underpaid Superannuation
Employers can avoid penalties for super underpayments The new Treasury Law Amendment on Unpaid Superannuation provides amnesty for employers who voluntarily disclose superannuation underpayments, avoiding penalties and offering employees compensation Taking the confusion Away The Treasury Law Amendment on Unpaid Superannuation, effective March 6, addresses confusion from a 2018 amnesty and allows employers to avoid […]
Beware of JobKeeper Scheme
Is your JobKeeper subsidy getting ripped off? With $130 billion JobKeeper subsidy on the table, employment law experts foresee employers may be tempted to exploit the scheme. Problems arising Wit $1,500-per-fortnight wage subsidy, there are looming concerns about employers ripping off their workers. Growing complaints Fair Work Commission has received reports of wage theft and […]
Australia’s Unemployment Rate Status
700k Australians could lose their jobs? Australia’s economic challenges will make a huge dent on the country’s unemployment rate—falling by 5.1% in February and doubling its downward impact within a span of four months. Economic Turmoil The forecast is that unemployment will fall to 5.1% in February and double by June, putting Australia’s economy in […]