Latest Information from Absolute Accounting Services
Our office is back open to the public! Please remember your mask and reminder as per the current NSW restrictions, only fully vaccinated clients are allowed onto our premises. If you are not fully vaccinated, you can still have a zoom appointment with your Accountant.
Changes to Childcare Rebate - March 2022
Changes making childcare cheaper are being brought forward for Australian families with two or more children under school age.
In August, Parliament passed the changes originally flagged in the budget, aimed at cutting childcare costs for low and middle-income earners and getting more women into the workforce.
To be eligible, you need two or more children aged five years and under in care, at the same time, and need to have a household income of less than $353,680 a year. [Source Link]
Tax Deadline - 31 October
You may have heard about the upcoming deadline date of 31 October to complete your tax return. Not to worry! This is just for people who complete their own returns. If a Tax Agent lodges your tax return, you get an extension!
Changes to COVID-19 Disaster Payment as NSW reaches 70% fully vaccinated
The payment will remain available at the same rate to people in NSW who cannot work due to restrictions, until the state reaches 80% full vaccination of the 16 years and older adult population. However, it will no longer be paid automatically. People will need to apply each week to ensure they continue to remain eligible. Further, once the 80% rate is reached, the payment will decrease over a two week period for those receiving the full amount of COVID-19 Disaster Payment, and over one week for those on income support receiving the $200 COVID-19 Disaster Payment. Most people in greater Sydney and regional NSW who received their final automatic payment earlier this week and can claim again from 10 October. People living in the inner-Sydney suburbs will receive their final automatic payment on 7 October 2021 and can claim again from 14 October. [Sourced link]
Confirming JobSaver to continue to get payments
If you have previously received JobSaver, you will need to confirm your business is still eligible. This is done through the ServiceNSW Business website.
Please let us know if there is anything we can assist with. [Source Link]