for related news, updates, resources & links
As the impact of the COVID-19 pandemic is being felt across the globe, our economy and business landscape continues to shift and adapt.
New legislation is being passed, various stimulus packages, concessions and payments being made available. All this change can leave
business owners and individuals feeling confused or overwhelmed as they cope with all these challenges.
Ashfords are here to help.
Now more than ever, we all need to be adaptable and resilient - both personally and professionally. Ashfords have the experience and
expertise on hand to help you sift through all the available supports and make them work best for your circumstances.
We have created this central hub to house all our news, updates, resources and links related to business, accountancy and advisory during
the COVID-19 pandemic.
Business resources and updates resultant from the impact of
News and information pertaining to individuals during the COVID-19 pandemic
COVID-19 related links from reputable and reliable sources all in one place
from home - tax time deductions
The Government has introduced a simplified way for employees who are working from home to claim on the additional expenses incurred from
running a home office. This 'shortcut method' allows individuals to claim 80c per hour for every hour worked in order to fulfil
employment duties from home. The usual methods of claiming are still available, however they are more complex in terms of calculations
required. This temporary 'shortcut method' is applicable to the period from 1 March 2020 until at least 30 June 2020.
Access to your Super
To further support those experiencing financial challenges due to COVID-19, the Government has enabled an early release of funds from
individuals' superannuation accounts. Those who are eligible can apply through their myGov account to access up to $10,000 of their
superannuation before 1 July 2020 with the option of a further $10,000 accessible from 1 July to 24 September 2020. Individuals will not
need to pay tax on amounts released and the money they withdraw will not be taken into account under any income or means tests.