Tax

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

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Tax

Tax-free treatment of COVID-19 grants to be extended

State and territory grants issued to small businesses in response to COVID-19 will continue to be tax-free under a new...

21 June 2021 • By Jotham Lian

Tax

Accountants cautioned on ‘one size fits all’ approach to trust distribution

Two weeks out from the end of the financial year, accountants should be cautious in their approach to trust...

21 June 2021 • By John Buckley

Tax

Need to know information for tax agents this tax time

CPA Australia has developed this summary for tax agents to help with clients’ tax returns.

21 June 2021 • By CPA Australia

Tax

ATO set to review 85% lodgement benchmark

Tax practitioners will not be expected to meet the 85 per cent on-time lodgement requirement this year, as the ATO...

18 June 2021 • By Jotham Lian

Tax

ASIC disqualifies director for failing to pay tax obligations, trading insolvent

A Sydney director whose companies owed creditors more than $2.5 million has been banned from managing companies for...

18 June 2021 • By John Buckley

Tax

‘Jig is up on the gig economy’: ATO eyes side hustles this tax time

The ATO is cracking down on the cash and gig economies, and taxpayers must ensure that they are declaring all of their...

16 June 2021 • By John Buckley

Tax

ASIC highlights COVID-19 financial reporting focus areas

The corporate regulator has revealed its financial reporting focus areas for reporting periods ending 30 June under...

11 June 2021 • By John Buckley