Accounting Business

JobKeeper – The Next Step




  • You’ve already ascertained whether or not JobKeeper applies to you/your employees and and adjusted your pay templates. If not check out our second JobKeeper blog post

What next?


  • Continue to pay at least $1,500 to each eligible employee per JobKeeper fortnight (the first JobKeeper fortnight is the period from 30 March to 12 April 2020)


  • Be sure to check back here for the next update!


If you’re still a bit unsure, no problem, give as a call on (02) 8814 5677




Accounting Income tax

Covid-19 & working from home: What expenses can you claim?

Covid-19 is changing so much in our lives.

A lot of you are now working from home, when you weren’t previously.

A logical question then becomes: What expenses can I claim, now that I’m working from home?

We’ve got you covered…

Home, Office

Calculating running expenses

There are three ways you can choose to calculate your additional running expenses:

  1. shortcut method – described below
  2. fixed rate method
  3. actual cost method

For more information on how to calculate and claim a deductions under methods 2 & 3, see Home office expenses  or call us on (02) 8814 5677.


Shortcut method

You can claim a deduction of 80 cents for each hour you work from home, due to COVID-19, as long as you are:

  • working from home to fulfil your employment duties and not just carrying out minimal tasks such as occasionally checking emails or taking calls,
  • incurring additional deductible running expenses as a result of working from home.

You do not have to have a separate or dedicated area of your home set aside for working, such as a private study.

The shortcut method rate covers all deductible running expenses, including:

  • electricity for lighting, cooling or heating and running electronic items used for work (for example your computer), and gas heating expenses
  • the decline in value and repair of capital items, such as home office furniture and furnishings
  • cleaning expenses
  • your phone costs, including the decline in value of the handset
  • your internet costs
  • computer consumables, such as printer ink
  • stationery
  • the decline in value of a computer, laptop or similar device.

You do not have to incur all of these expenses, but you must have incurred additional expenses in some of those categories as a result of working from home due to COVID-19.


If you use the shortcut method to claim a deduction for your additional running expenses, you cannot claim a further deduction for any of the expenses listed above.

You must keep a record of the number of hours you have worked from home as a result of COVID-19. Examples are timesheets, diary notes or rosters.


If you use the shortcut method to claim a deduction, please remember to let us know when its time to prepare your 2019-20 tax return as we must include the note ‘COVID-hourly rate’ in your tax return.

Accounting Business


JobKeeper or not?

By now you should have ascertained whether or not your business qualifies for the new JobKeeper Assistance package.

If so, you should have registered your intent, with the Australian Taxation Office, and received your text reply.


What you need to do from 30 March 2020

As advised in our previous post, this package comes into effect from 30 March 2020 and will have affected the first pay run after this date.

Therefore, you need to adjust your payroll system for those employees whose pay will change as a result of this package.


Yes/No? What next?

We have prepared a decision tree, to help determine if an employee is affected and what therefore needs to be done to their pay template.

Click here to view our JobKeeper Decision Tree


Feel free to contact us if you are unsure of what you need to do or if you need help amending last week’s pay.



Accounting Business

JobKeeper Payment (Covid-19 Stimulus Package update)

Last night saw the next stage of the Federal Governments economic relief package – JobKeeper Payment.


In short eligible employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.

Eligible Employers are those where:

  • their business has a turnover of less than $1 billion and their turnover will be reduced by more than 30 per cent relative to a comparable period a year ago (of at least a month).

For more information for employers follow this link.


Eligible employees are employees who:

  • are currently employed by the eligible employer (or were employed by the employer at 1st March 2020 but have since been stood down);
  • are full-time, part-time, or long-term casuals (a casual employed on a regular basis for longer than 12 months as at 1 March 2020);
  • are at least 16 years of age;
  • are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder; and
  • are not in receipt of a JobKeeper Payment from another employer.

Employers should register at


You will receive a notification from your employer, that you’re receiving the JobKeeper Payment.

What do you need to do as an employee?

If you’re an Australian citizen and only have one employer, then you don’t need to do anything.

If not…read on!

Employees in the following circumstances will have additional obligations.

• Employees that have multiple employers must notify the employer that is their primary employer.
• Employees that are not Australian citizens must notify their employer of their visa status, to allow
their employer to determine if they are an eligible employee.
• Employees that are currently in receipt of an income support payment should advise Services
Australia of their change in circumstances online at or by telephone.

For more information for employees follow this link.


As always, feel free to give us a call for any further clarification or if you have any questions.

Accounting Business

Important Stimulus Package Update

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Our Office

Our office is remaining open to all queries. We are postponing face to face meetings, however we are still able to provide advice remotely via email, phone or video conferencing.

Important Stimulus Package Update

Cashflow assistance for businesses:

  1. ATO Credit of up to $100,000 for PAYG-Withholding

This is an extension of the previously advised $25,000 PAYG withholding credit. It has now been increased to a maximum of $100,000 with a minimum of $20,000 for eligible businesses. This covers up to 100% of amounts withheld from salary and wages for the March 2020 and June 2020 quarters. It will be applied automatically to activity statements after lodging the March 2020 Activity Statement.

Eligible businesses are businesses with a turnover of under $50 million that employed staff on or before the 12th of March 2020.

It will also now apply to not-for-profits.

The credit will be split over the following periods

  1. March to May 2020 – minimum of $10,000 and a maximum of $50,000
  2. June to September 2020 – a further minimum of $10,000 and a further maximum of $50,000

The second payment will require the businesses to be still active, and will be delivered as a portion of the amount previously received under this incentive.

It will be paid as follows:

  • Quarterly Activity Statement lodgers = half of the amount previously credited, on lodgement of June 2020 BAS and a half on lodgement of the September 2020 BAS.
  • Monthly Activity Statement lodgers = quarter of amount previously credited, on lodgement of the June, July, August and September 2020 BAS/IAS’s.
  1. Supporting apprentices and trainees

The Government is supporting small businesses to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage for up to 9 months from 1 January 2020 to 30 September 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice.

Employers will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter).

For more information please contact our office or follow this link.

Support for business investment:

  1. Increasing the instant asset write-off:

The Government is increasing the instant asset write-off threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. The higher IAWO threshold provides cash flow benefits for businesses that will be able to immediately deduct purchases of eligible assets each costing less than $150,000. The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets.

  1. Backing business Investment:

The Government is introducing a time limited 15 month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term, by accelerating depreciation deductions. Businesses with a turnover of less than $500 million will be able to deduct 50 per cent of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset’s cost.

For more information please contact our office or follow this link.

Temporary relief for financially distressed businesses and their directors:

The government has introduced temporary rules to help distressed businesses that are worried about insolvency and bankruptcy implications from the impact of COVID-19.

Under these rules, the threshold for issuing statutory demands has increased from $2,000 to $20,000 and the minimum amount of debt before bankruptcy proceedings can be started has increased from $5,000 to $20,000.

There has also been relaxation on the insolvent trading rules, to relieve directors of personal liability that would otherwise be associated with insolvent trading, for a period of six months.

For more information please contact our office or follow this link.

Supporting lenders by guaranteeing new debts:

The coronavirus Small & Medium Entities (SME) guarantee Scheme has been proposed by the Government. This scheme will provide a Government guarantee of 50% to support short-term unsecured loans to SME’s for working capital. This scheme is intended to enhance these lenders’ willingness and ability to provide credit, which will result in SMEs being able to access additional funding to help support them through the upcoming months.

Other eligibility criteria include:

  1. Turnover of less than $50 million
  2. Maximum loans of $250,000
  3. Loan term of 3 years
  4. No repayments required for the first 6 months
  5. Loans will otherwise be unsecured finance

For more information please contact our office or follow this link.

Early access to super:

Individuals impacted by COVID-19 will be able to access $10,000 from their super between April 2020 and June 2020, with a further $10,000 available in the 2021 financial year, if eligibility criteria are met. People accessing their superannuation will not need to pay tax on amounts released and the money they withdraw will not affect Centrelink or Veteran’s Affairs payments.

Eligibility criteria are:

  • You are unemployed; or
  • On or after 1 January 2020 you were:
    • made redundant or
    • had your working hours reduced by more than 20% or
    • you are a sole trader whose business was suspended or has had their hours reduced by more than 20%; or
  • Eligible to receive one of the following government payments
    • Jobseeker
    • Youth allowance for job seekers
    • Parenting payment
    • Special payment
    • Farm household allowance

To access super under these measures you must apply at and be able to certify that you met the criteria. This is the same whether you have a regulated fund or SMSF. Please do not just take cash from your SMSF!

For more information please contact our office or follow this link.

Providing support for retirees:

Pension minimums will be reduced by 50% for both 2020 and 2021 financial years. This is designed to take the pressure off anyone who doesn’t require access to their pension for personal cash flow. It allows for capital to remain in the market to avoid crystallising losses.

For more information please contact our office or follow this link.

Payments to support for individuals & households:

  1. Coronavirus supplement for individuals:

The Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This supplement will be paid for both existing and new recipients of the eligible payment categories. These changes will apply for the next 6 months.

Eligibility criteria for Coronavirus supplement are:

  • Jobseeker Payment (previously known as Newstart Allowance)
  • Youth allowance Jobseeker
  • Parenting Payment (Partnered and Single)
  • Farm Household Allowance
  • Special Benefit recipients

Anyone who is eligible for Coronavirus supplement will receive the full rate of the supplement of $550 per fortnight.

For more information please contact our office or follow this link.

  1. Stimulus payments:

The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. Around half of those that will benefit are pensioners.

  • The first payment will be available to people who are eligible payment recipient and concession card holders at any time from 12 March 2020 to 13 April 2020 inclusive
  • The second payment will be available to people who are eligible payment recipient and concession card holders on 10 July 2020

A person can only receive one $750 payment in each round of payments, even if they qualify in each round of payments in multiple ways.

The payment will be tax free and will also not count as income for Social Security, Farm Household Allowance and Veteran payments.

For more information please contact our office or follow this link.

ATO Administrative Support:

A number of administrative concessions have been announced by the ATO. These include:

  • Deferring by up to four months the payment date of amounts due through the BAS (including PAYG Instalments), income tax assessments, fringe benefits tax assessments and excise. You still need to lodge the forms on the usual due date
  • Allow those on a quarterly reporting cycle, to opt into monthly GST reporting in order to get quicker access to GST refunds that may be applicable. You will need to remain on a monthly reporting cycle for a minimum of 12 months if you opt in
  • Allowing businesses to vary pay as you go instalments to zero for March 2020 quarter. Businesses that vary their PAYG-I to zero will also be able to claim a refund for any instalments paid in September 2019 and December 2019 quarters
  • Remitting any interest and penalties incurred on or after 23 January 2020 that have been applied to tax liabilities
  • Working with affected businesses to help them pay their existing and ongoing tax liabilities by allowing low interest payment plan options
Accounting Taxation

Linking the ATO to your myGov – Quick Info

Here at Hockley Giblin & Co, we don’t recommend that you link your myGov account to the Australian Taxation Office (ATO)

Here’s why:

Linking the ATO to your myGov account could result in the following consequences:

  • It will be entirely up to you to keep up to date with ATO correspondence
  • You will become solely responsible for notifying us (your accountant) if you have any ATO concerns
  • You must check your myGov account regularly for any ATO communication
  • If you forget to check your account and miss an overdue debt penalty, they will hold you 100% accountable – and in some cases, even threaten legal action.

We’ve already seen a few cases of some clients experiencing this problem; receiving accelerated ATO fines and pending legal action due to not checking their myGov account properly.

If you’re still not sure what you need to do, give us a call on (02) 8814 5677.



1. If you don’t have a myGov account:

Great! You don’t need one (at this stage, anyway).


2. If you do already have a myGov account or are planning to set one up:



3. If you have a myGov account and still want to link the ATO as a Service

  • You must check your account “Inbox” very regularly to action any urgent correspondence
  • It may also be worth changing your myGov account settings so that any “Inbox Notifications” are sent to your mobile as a text – not to your email. 
  • The Downside: We may not be able to advise or fix ATO related concerns, unpaid fines or penalties that come through to your myGov account.

The solution is simple – Leave the ATO to us.

This way, we can continue to receive, control and take care of your ATO correspondence; notifying you immediately for anything urgent.

We make sure that everything related to your Tax compliance is taken care of and simple.  We want to make Tax as stress-free as possible – without our clients having to worry about concerns like this.