Tax & Compliance
‘Back to the drawing board’: CPA Australia pours cold water on new tax deduction
The government has been told to abandon plans to allow taxpayers to claim deductions for education and training expenses unrelated to their current jobs, with the proposa...
ATO urged to clarify JobKeeper repayments tax treatment
With large corporate firms now beginning to return JobKeeper payments, the Tax Office has been urged to confirm if such voluntary repayments are tax-deductible.
W...
ATO launches appeal against JobKeeper decision
The ATO has turned to the Federal Court in an attempt to overturn an Administrative Appeals Tribunal decision that granted a sole trader access to JobKeeper.
Writ...
Flashy cars, low income: ATO eyes tax-dodging red flag
Black economy participants and tax dodgers driving luxury cars will continue to come under ATO scrutiny as it looks to extend its motor vehicle data-matching program for ...
Tax Office issues SG amnesty disqualification warning
The ATO has warned businesses who have qualified for the superannuation guarantee amnesty to pay their dues or risk disqualification.
Write comment (0 Comments)
...
Education, training deduction claims to widen under proposed change
Taxpayers might soon be able to claim deductions for education and training outside their chosen careers, as the government mulls changes to the current tax system.
...
ATO tipped to be ‘unshackled’ in 2021
The ATO has been tipped to devote more resources to its audit and debt collections teams over the coming months as the government looks to make up for lost ground in 2021...
IPA reignites call for small business CGT concessions reform
The government has been urged to turn its eye towards the small business capital gains tax concessions as fears mount that it will continue to grow at an unsustainable ra...
Ombudsman calls for ‘transparent and predictable’ R&D tax incentive
Eligibility requirements for the research and development tax incentive should be overhauled, says the Australian Small Business and Family Enterprise Ombudsman.
...
Treasurer details tax-free coronavirus grants
Six Victorian coronavirus grant programs will now be exempt from income tax following a declaration from Treasurer Josh Frydenberg.
Write comment (1 Comment)
...
