Tax Alert – August 2020

All of the latest tax news, views and clues for August 2020. This Alert addresses:

  • Federal Government economic update
  • Instant asset write-off extension
  • JobKeeper payment extension
  • ATO alert on fraudulence and non-compliance: COVID-19 measures
  • Top tax time myths for 2020 that slow down returns
  • Working from home deductions: “shortcut” rate extension
  • IGTO investigating ATO communication of taxpayer rights
  • Banks further extending loan repayment deferrals
  • Changes to super contributions beyond age 65
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