Tax

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

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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

Tax

SMEs call for red tape and tax cuts ahead of federal budget

While most small business owners are optimistic for future trading conditions, many of them believe next week’s...

05 May 2021 • By John Buckley

Tax

Senate committee suggests separate R&D tax incentive for software

A Senate committee into fintech and regtech has urged the government to introduce quarterly R&D tax payments for...

04 May 2021 • By John Buckley

Tax

Frydenberg announces tax relief for brewers and distillers

The government has announced a $225 million tax relief package for brewers and distillers ahead of next week’s federal...

04 May 2021 • By John Buckley