Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
I have been on Jobseeker since April after losing my full-time job (PAYG) as a direct result of COVID. Prior to taking this job however in late-2019, I worked part of the year as a sole-trader under my ABN. My Accountant believes I should be eligible for Jobkeeper which will allow me to earn some money (if I can find the work) on top of my Jobkeeper allowance. How do I go about changing over from Jobseeker to Jobkeeper?