Tax

Tax

Full expensing, loss carry-back extended to 2023

The government will extend the temporary full expensing and loss carry-back measures for a further 12 months as it...

11 May 2021 • By Jotham Lian

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Tax

ATO handed mandate to police not-for-profits

Not-for-profit entities will soon have to disclose why they should be exempt from income tax as the government turns...

11 May 2021 • By Jotham Lian

Tax

Facebook browsing leads to taxpayer’s work-related deduction downfall

Close scrutiny of a Tasmanian man’s internet browsing history has led to him being denied his work-related expense...

11 May 2021 • By Jotham Lian

Tax

FBT is a ‘dying tax’, says mid-tier

A mid-tier firm has called for fringe benefits tax to be scrapped, starting in regional Australia, arguing that the...

11 May 2021 • By Jotham Lian

Tax

ATO debt recovery action can now be paused by the AAT: Josh Frydenberg

Small businesses will now be able to pause ATO debt recovery action through the Administrative Appeals Tribunal as...

10 May 2021 • By Jotham Lian

Tax

‘Too simplistic’: Standardised deductions aren’t a silver bullet

The introduction of a $3,000 standardised deduction would likely effect little change to the way tax returns are...

10 May 2021 • By John Buckley

Tax

ATO signals crackdown on 4 ineligible work-from-home claims

As tax time looms, the ATO has pointed to four key ineligible work-from-home claims it will be watching closely as...

07 May 2021 • By John Buckley

Tax

Expanding self-education deductions a ‘no-brainer’, says IPA

Allowing taxpayers to claim deductions for education and training expenses unrelated to their current jobs will remove...

06 May 2021 • By Jotham Lian