iscover Tax
Tax
Car allowance increase ‘welcome news’
Professional accounting bodies have backed an increase to the cents-per-kilometre deduction rate for car expenses...
28 June 2022 • By Emma Musgrave
Tax
ATO flags early release concerns with lapsed lodgers
28 June 2022 • By Miranda Brownlee
Tax
Profit-splitting professionals ‘in the dark’ over revised tests
27 June 2022 • By Philip King
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Tax
Agreement rule is ‘100A Achille’s heel’
A trust entitlement has to arise from a prior reimbursement agreement for the tax avoidance measure to apply, says a...
27 June 2022 • By Philip King
Tax
‘Confusion’ reigns over 100A as year counts down
Fundamental problems with the ATO’s approach to trusts mean its recent guide will be useless for most accountants,...
24 June 2022 • By Philip King
Tax
Avoid wrong moves with rental property, urges ATO
The office says agents should be on alert for three common taxpayer errors.
24 June 2022 • By Philip King
Tax
Help! My client has received an ATO letter about crypto trading
With digital currencies in the spotlight again this year, it’s vital to know the tax-time options.
24 June 2022 • By Danny Talwar
Tax
Careful with those crypto losses, Tax Office warns
Most digital currency buyers and sellers will fail to qualify as businesses and fall under CGT rules.
23 June 2022 • By Philip King
Tax
ATO urges small business to ‘nail’ its tax
A comprehensive toolkit gives a run-down on expenses and deductions.
23 June 2022 • By Josh Needs
Tax
Tax Institute sends Labor a lengthy to-do list
The independent body identifies outstanding measures that should be priorities for Canberra.
23 June 2022 • By Philip King