Tax

Tax

‘Fantastic outcome’: Government clarifies corporate residency rules

Companies with significant economic connection to Australia will now be treated as an Australian tax resident under a...

06 October 2020 • By Jotham Lian

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Tax

Government urged to raise tax offset cap for small-business owners

The small business tax discount should be increased, alongside sped-up income tax cuts and a loss carry-back scheme,...

06 October 2020 • By Jotham Lian

Tax

CGT exemptions set to apply to granny flat arrangements

Australian families looking to care for elderly parents through granny flat arrangements will now be granted a capital...

06 October 2020 • By Jotham Lian

Tax

Income tax cuts tipped to be brought forward, backdated

Legislated income tax cuts are tipped to be backdated and waved through Parliament once the government delivers its...

06 October 2020 • By Reporter

Tax

Loss carry-back tax offset gains accounting stamp of approval

The proposed reintroduction of a loss carry-back scheme will help cash-strapped businesses get through rocky economic...

02 October 2020 • By Jotham Lian

Tax

Tax concessions, FBT exemptions announced ahead of budget

Greater access to small business tax concessions, including exemptions from fringe benefits tax, has now been unveiled...

02 October 2020 • By Jotham Lian

Tax

PM flags R&D cuts walk-back

Prime Minister Scott Morrison has now hinted at changes to his government’s plan to cut the research and development...

02 October 2020 • By Jotham Lian

Tax

Temporary home office expenses shortcut extended again

The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of...

30 September 2020 • By Jotham Lian