Tax

Tax

Tax mix to rely more heavily on income tax as the Treasurer ducks austerity

The Australian economy is predicted to grow “slower than previously thought” over the next 40 years, as the nation...

29 June 2021 • By John Buckley

more from 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

Tax

ASIC bans adviser for disregarding client circumstances

A Hobart-based financial adviser who showed a disregard for the personal and financial circumstances of her clients...

28 June 2021 • By John Buckley

Tax

‘No visibility of data’: ATO shuts down concerns over e-invoicing as tax...

The ATO has unequivocally declared that it will not use e-invoicing to facilitate tax compliance, despite fears that...

25 June 2021 • By Jotham Lian

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