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Tax

H&R Block casts doubt on standard deductions
Tax

‘No benefit’: H&R Block casts doubt on standard deductions

The reasons why the 2009 Henry review’s standardised reductions were found to be unworkable still ring true today,...
30 April 2021 • By John Buckley

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Standardised deductions won’t hurt demand for tax agents
Tax

Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia

The nation’s accounting bodies have raised questions over the scope and modelling that underpins rehashed calls for a...
28 April 2021 • By John Buckley
Scrap tax returns and save on accounting fees
Tax

Scrap tax returns and save on accounting fees, says think tank

Australia should introduce an opt-in standardised $3,000 deduction covering work-related expenses and other personal...
27 April 2021 • By John Buckley
Miranda Stewart
Tax

‘Increase the rate, broaden the base’: Looking at GST 20 years on

Consumption tax should be raised to 20 per cent or broadened to cover a wider base, says tax experts as debate over...
27 April 2021 • By John Buckley
ATO finalises guidance on new discretion to retain refunds
Tax

ATO finalises guidance on new discretion to retain refunds

ATO officers will now be expected to explain to taxpayers why their tax refunds are being retained, after laws were...
27 April 2021 • By Jotham Lian
CA ANZ
Tax

CA ANZ pushes back against ATO’s ‘outdated’ personal services income approach

Chartered accountants have taken aim at the ATO’s “out of touch” approach to the allocation of professional firm...
26 April 2021 • By Jotham Lian
tax evasion
Tax

WA man charged over $2.57m tax evasion, ATO impersonation

A Perth man could face up to 22 years in jail for impersonating an ATO officer and failing to declare $7 million in...
26 April 2021 • By John Buckley
Jeremy Hirschhorn
Tax

ATO promises not to ‘destroy’ businesses as it resumes debt collection

Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very...
23 April 2021 • By Jotham Lian