Low and middle income earners are set to continue receiving a temporary tax cut for another 12 months, as part of a budget plan to maintain confidence in the economy.
A decision by the full bench of the Federal Court could open the gates for more businesses to retrospectively gain access to coronavirus stimulus payments, including JobKeeper wage subsidies, according to one tax professional.
Small businesses can begin claiming hiring credits under the federal government’s JobMaker program this week, with the first quarterly claim period opening on Monday.
Australian business owners and employees will have access to the shortcut method for claiming working-from-home tax deductions until the end of this financial year.