Tax

Tax

FBT exemption for retraining employees locked in

Employers who provide training to soon-to-be-redundant employees will now be exempt from fringe benefits tax following...

28 June 2021 • By Jotham Lian

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Tax

Bumper tax refund year sparks early lodgement warning

Taxpayers could be in line for a windfall tax refund this year, but rushing to file their tax returns from 1 July...

24 June 2021 • By Jotham Lian

Tax

Greens JobKeeper repayment bill surfaces in the Senate

The bill proposes to require the ATO to publish a list of all firms that received JobKeeper, and delay GST credits by...

24 June 2021 • By John Buckley

Tax

Have you updated your engagement letter in time for EOFY?

Recent changes to guidance from the TPB in relation to outsourcing and use of cloud software means you should re-look...

24 June 2021 • By Practice Ignition

Tax

ATO extends Division 7A COVID-19 relief

The Tax Office has extended relief for taxpayers who are unable to meet the minimum yearly repayments on Division 7A...

22 June 2021 • By Jotham Lian

Tax

Tax assessment disputes require ‘satisfactory evidence’: AAT

Taxpayers disputing excessive tax assessments will need to do more than assert that it is wrong, says the...

22 June 2021 • By Jotham Lian

Tax

ATO touts tax time support pathways

The Tax Office has offered words of assurance — and guidance — to taxpayers approaching tax time in the face of...

22 June 2021 • By John Buckley

Tax

Tax-free treatment of COVID-19 grants to be extended

State and territory grants issued to small businesses in response to COVID-19 will continue to be tax-free under a new...

21 June 2021 • By Jotham Lian