Tax & Compliance
ATO urged to rethink tax ruling overhaul
The ATO has been urged to tread carefully with its plan to retire 16 occupational and industry-specific taxation rulings, with many practitioners and taxpayers continuing...
JobKeeper legacy decline in turnover certificate ‘not a tax agent service’: TPB
BAS agents providing the 10 per cent decline in turnover certificate for JobKeeper legacy employers are not providing a tax agent service, the Tax Practitioners Board has...
‘Unnecessary and unfair’: Small business shut out from loss carry back
Thousands of small businesses are set to miss out on accessing the temporary loss carry back provisions due to its limitation to corporate entities.
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Businesses given a month to implement updated ATO tax tables
Employers will now have approximately one month to implement income tax cut changes as the ATO updates its tax withholding schedules.
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Commissioner registers new JobKeeper alternative test
The ATO has now registered an additional alternative decline in turnover test for the JobKeeper extension.
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Tax cuts set to flow ‘within a few days or weeks’
The ATO has begun updating its tax withholding schedules to reflect the latest round of income tax cuts, as non-salary and wage earners have been urged to vary their Sept...
Large businesses lament federal budget aggregated turnover rule
The aggregation rule in the federal budget’s expanded instant asset write-off is set to exclude a number of larger Australian businesses despite the high $5 billion tur...
Federal budget tax bill passes without amendments
The omnibus bill containing a raft of the federal budget’s tax measures has now been passed by both houses of Parliament.
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Omnibus budget tax bill introduced
An omnibus bill containing the bulk of the government’s federal budget tax measures has now been introduced into Parliament.
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Treasurer, ATO shed light on backdated tax cuts
Backdated income tax cuts are unlikely to flow until late this year, with the Tax Office also now clarifying its position on withholding schedules.
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