We are excited to announce that we are once again offering in-office appointments and will also continue to provide you with the option of email, phone or zoom appointments too.
We have a Covid Safe plan in place to ensure the safety of our clients and staff, whilst we contine to provide you with the best service possible.
Thank you for your continued support during this time and we hope to see you again soon.
We will continue to keep you updated on any further changes. Additionally the following links and resources may be useful in terms of the available government assistance packages:
Businesses and Employers
The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19.
JobKeeper 1.0 ended on the September 27, however it has now been extended until 28 March 2021.
The first extension period will run from 28 September 2020 to 3 January 2021.
The rates of the JobKeeper payment in this extension period are:
· Tier 1: $1,200 per fortnight (before tax)
· Tier 2: $750 per fortnight (before tax)
The second extension period will run from 4 January 2021 to 28 March 2021, the JobKeeper payment rates will be:
· Tier 1: $1,000 per fortnight (before tax)
· Tier 2: $650 per fortnight (before tax)
The JobKeeper payment is open to eligible employers, sole traders and other entities to enable them to pay their eligible employee’s salary or wages. To be eligible for the JobKeeper Payment, you and your employees must meet a range of criteria. For further details please see below.
Sole Traders: For further information click here
Companies: For further information click here
You can enrol for the JobKeeper payment through the ATO, or alternatively A Grade Tax can process this application on your behalf. Please contact us on (02) 4731 1405 or email email@example.com to discuss your eligibility and the associated costs of the application.
Individuals and Employees
The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19. Your employer will notify you if they intend to claim the JobKeeper payments on your behalf.
Before 28 September 2020, the amount of JobKeeper Payment your employer can receive for wages they have paid to you is $1,500 per fortnight.
From 28 September 2020, the amount of JobKeeper Payment your employer can receive for wages they have paid to you is generally based on how many hours you worked (including paid leave or paid public holidays) in either of the following periods:
- The 4 weeks (28 days) of pay periods before 1 March 2020, or
- The 4 weeks (28 days) of pay periods before 1 July 2020.
If you worked 80 hours or more in the relevant period your employer will receive the higher tier 1 rate of $1,000 per fortnight. If you worked fewer than 80 hours they will receive a lower tier 2 rate of $650 per fortnight.
For further information click here.
Reducing Superannuation Minimum Drawdown Rates
The minimum drawdown requirements for account-based pensions and similar products have been reduced by 50% for 2019/20 and 2020/21.
For further information click here.
Employees working from home
If your employer now requires you to work from home, you may incur expenses that you can claim at tax time. For further information on what you can and can’t claim and the records you must keep in order to claim home office expenses, click here.
A GRADE TAX
Phone | (02) 4731 1405 or 1300 591 934
Email | firstname.lastname@example.org
Post | P.O. Box 402, Penrith. NSW 2751
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