Tax

Tax

Treasurer slashes financial reporting requirement for charities

Over 5,000 charities will no longer need to produce financial reports or an audited statement as the government looks...

16 December 2020 • By Jotham Lian

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Tax

Small businesses overlooked on opting out of full expensing as bill passes...

Changes to the temporary full expensing measure have now sailed through both houses of Parliament despite opt-out...

10 December 2020 • By Jotham Lian

Tax

Reform taxpayer’s burden of proof, government told

The government has been urged to reconsider placing the burden of proof on the ATO in certain circumstances such as...

10 December 2020 • By Jotham Lian

Tax

ATO puts work-related expense issue to bed

The Tax Office has refuted suggestions that it has changed the way it approaches work-related deductions in the wake...

09 December 2020 • By Jotham Lian

Tax

FBT guide updated following small business turnover increase

Changes to the small business entity turnover threshold have now been reflected in the ATO’s fringe benefits tax guide...

09 December 2020 • By Jotham Lian

Tax

ATO called out over ‘inconsistent’ work-related expenses case

The Tax Institute has begun engaging with the ATO over a recent tribunal decision on work-related deductions,...

07 December 2020 • By Jotham Lian

Tax

JobKeeper dob-ins hit 10k

Over 10,000 tip-offs to the ATO this year have centred around allegations of misconduct relating to JobKeeper payments...

07 December 2020 • By Jotham Lian

Tax

Temporary full expensing changes tabled in Parliament

Legislation aimed at widening access and giving greater flexibility to access the temporary full expensing measure has...

02 December 2020 • By Jotham Lian