Jacob Fenech

You can have retail companies, restaurants that turn over so much money, but they don't actually make that much profit and we're affected by COVID.

So good initiative all around.

So the other one is just the final one for businesses that we've got here is basically a change to the base rate for small businesses, I believe.

Can you just explain what this means?

Because we've talked a lot about individuals who pay tax on a sliding scale.

So what's this one mean?

Now we've got something that's kind of related to a business, but I think this is for everyone as well, is this work from home.

So I spend a lot of my week working from home.

These days, mate, I know you do.

We're recording this.

You're at your house.

I'm in the office in Melbourne CBD.

The work from home allowances basically means home office expenses.

People want to know, what can I claim?

And I think from the discussion that you and I had recently in the webinar that you did, I think there are two methods effectively.

So basically, there are two ways to do it.

Let's call it the shortcut method is just to assume 80 cents per hour that you're working from home.

And the other way is to actually get into the weeds a little bit more and try and work out the different things that you're able to claim.

I know you've got some information on this, so we can point everyone to that.

But this is super important for a lot of people, professionals in particular, like white collar workers.