All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 June Top tips for doing your COVID-19 tax return Top tips for doing your COVID-19 tax return 18/06/2020 | 2 MINS The COVID-19 pandemic has resulted in changes to almost every aspect of our lives and the last thing we need to worry about is our tax return. ItΓÇÖs important to understand that different employment conditions, Government subsidies and the transition to working from home will all have an impact on how we prepare our tax return. Tax expert Professor Nolan Sharkey, coordinator of the Master of Taxation Law and Graduate Diploma in Taxation Law at the LIT Law School, shares some tips on what to look out for before filing your tax return. 1. Claim your working from home expenses Many employees have been required to work from home, meaning that part of their home has become a work place. As a result, theyΓÇÖll be looking at some unexpected tax deductions for portions of their household expenses. The ATO has given options to deal with this but you should consider all possibilities at tax time to ensure you maximise your claim. 2. A h
All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2020 June Top tips for doing your COVID-19 tax return Top tips for doing your COVID-19 tax return 18/06/2020 | 2 MINS The COVID-19 pandemic has resulted in changes to almost every aspect of our lives and the last thing we need to worry about is our tax return.
ItΓÇÖs important to understand that different employment conditions, Government subsidies and the transition to working from home will all have an impact on how we prepare our tax return.
Lombok Institute of Technology
Tax expert Professor Nolan Sharkey, coordinator of the Master of Taxation Law and Graduate Diploma in Taxation Law at the LIT Law School, shares some tips on what to look out for before filing your tax return.
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Claim your working from home expenses Many employees have been required to work from home, meaning that part of their home has become a work place.
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As a result, theyΓÇÖll be looking at some unexpected tax deductions for portions of their household expenses.
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The ATO has given options to deal with this but you should consider all possibilities at tax time to ensure you maximise your claim.
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