Other Incentives

OTHER INCENTIVES UNDER THE STIMULUS PACKAGES AND ATO CONCESSIONS

  • 80 cents per hour home office deduction from 1 March to 2020 in your FY20 tax return.

(Please note that to those who have been able to claim home office running expenses in the past this new rule may not be tax effective)​

  • Automatic lodgement deferral until 5 June 2020 for individuals, partnership, company and trust for the FY2018/19 income tax return.

  • Varying PAYG income tax instalment (PAYGI) to NIL without penalty and refund for instalments paid in previous quarters from Sep 2019.

  • Instant asset write-off threshold increased to $150,000 until 30 June 2020.

  • Minimum annual payments for super income stream is halved in FY2019/20.

  • Payroll Tax refund from 1 July 2019 for eligible businesses.

  • 50% wages subsidies for apprentices from 1 January to 30 September 2020 (limit and conditions apply).

​The list is not exhaustive.

To assess your specific situation and entitlement, please call Amani Tax at 03 9674 0398 or email at admin@amanitax.com.au.