Tax

Tax

ATO issues guidance on tax deductions for NANE COVID-19 grants

Small businesses who pay an accountant or bookkeeper to apply for a tax-free COVID-19 grant on their behalf will not...

31 August 2021 • By Jotham Lian

more from tax

Tax

‘Lead the way’: TPB sounds warning over blatant disregard of personal tax...

The Tax Practitioners Board has sent a warning to tax agents to comply with their personal tax obligations following...

25 August 2021 • By Jotham Lian

Tax

Employee share scheme report lands in the House

Employee share schemes could soon be treated as capital for the purposes of taxation, at the direction of key...

25 August 2021 • By John Buckley

Tax

NSW, Victoria business support payments declared tax-free by Josh Frydenberg

COVID-19 business support programs in New South Wales and Victoria will now be tax-free following a formal declaration...

24 August 2021 • By Jotham Lian

Tax

ATO to offer new lodgement support in September

The ATO will soon allow tax agents to request for extra time to lodge for up to five clients as it recognises the...

23 August 2021 • By Jotham Lian

Tax

AAT reduces penalties for reckless claims based on incorrect tax agent advice

A support worker has succeeded in reducing shortfall penalties for reckless deductions after the tribunal found that...

18 August 2021 • By Jotham Lian

Tax

Critics say ATO forward-planning neglects tax profession

The Tax Office’s 2021–22 corporate plan fails to address the burden shouldered by the tax profession and focuses on...

18 August 2021 • By John Buckley

Tax

Financial advice reform an opportunity to reduce red tape: CA ANZ

The government’s proposed reforms for the financial advice sector are overall positive, says one peak body, but they...

18 August 2021 • By John Buckley