Let's Talk About The Tax Impact Of COVID Stimulus Measures

Описание: Cashflow Boost - The great thing about this measure is there's no income tax on that amount - It's not accessible income, which is amazing. So if you're one of the people who received a $100,000 boost and think that they need to put $30,000 aside for tax, you don't need to.

JobKeeper - there is tax on JobKeeper. So the thought process there is you had the expense of wages, you had income to supplement that. And so you net the two off so that there is tax to consider. So the JobKeeper amount does actually count towards your other income for the year.

Learn more about Tax Planning and the 12 things you need to consider to legall reduce your tax bill in 2021 - Visit https://learning.benwalker.com/course...

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