2020 Tax Time Tool Kit

Posted On August 18, 2020

We know that this year many Australians will be relying on getting their tax refunds, where they are entitled to one, as quickly as possible. We recognise that the changes this year to our lives and livelihoods may mean that income types people have received are different, and what individuals normally claim at tax time will change.

For example, the shortcut method to calculate expenses incurred for those who have been working from home during COVID-19 was put in place in recognition that many of us were working from home for the first time.

The ATO has released a great toolkit (Click here to access it) to help with providing clarity on a number of issues and questions that specific occupations have.

This toolkit has been designed to give you the information needed to lodge correctly and avoid delays in the processing of returns. It has occupation-specific tips, as well as practical and tailored information about common claims and keeping the right records.

If you have any questions in regards to your own circumstances or matters raised in this ATO Toolkit please call our team who will be delighted to help you.