[Catalist] ATO Tax Time 2020 - Teacher and Education Professional Resource Kit

[John Clarke]

Hi All,
Further to the Tax kit I shared, a new resource on working from home is also available following the announcement made by the ATO.

The ATO has introduced a simplified method for claiming deductions for anyone working from home as a result of COVID-19.  Between 1 March and 30 June 2020, taxpayers will be able to claim 80 cents per work hour for all their additional running expenses, rather than needing to calculate costs for specific running expenses. This new method is designed to make tax returns simpler for anybody who has recently transitioned to working from home due to COVID-19, and ensures they are able to easily claim their relevant deductions.

This information has been summarised into a Working from home media release<https://www.ato.gov.au/Media-centre/Media-releases/New-working-from-home-shortcut/>. This was specifically designed due to the evolving nature of COVID-19 and the new temporary way of working that businesses have had to apply.
Working From Home Media Release<https://www.ato.gov.au/Media-centre/Media-releases/New-working-from-home-shortcut/> – Explains a new method for claiming expenses related to working from home

John

John Clarke
CEO
STAWA
Unit 6/1270-1274 Albany Highway
Cannington WA 6107
PO Box 7310 Karawara WA 6152
P (08) 9244 1987 | F (08) 9244 2601 | web:  http://www.stawa.net<http://www.stawa.net/> | mail: john at stawa.net

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