Practice Update November 2020
Practice Update November 2020 covers following points:
- Tax cuts pass parliament
- Simplified home office expense deduction claims due to COVID-19
- Companies holding meetings and signing documents electronically
- Employers need to apply recent tax cuts as soon as possible
- Deferrals of interest due to COVID-19
- COVID-19 and loss utilisation
- Employees on JobKeeper can satisfy the ‘work test’