Tax

ATO thanks tax profession
Tax

ATO thanks tax profession

As the tax profession prepares to wind down for the festive season, the ATO has thanked them for their hard work in a...
18 December 2020 • By Reporter

more from tax

financial reporting requirement for charities
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
FBT and Christmas
Tax

FBT and Christmas: It’s that time of the year

With the festive season fast approaching, accountants have been encouraged to remind their business clients on...
15 December 2020 • By Jotham Lian
Coronavirus grants now tax-free
Tax

Coronavirus grants now tax-free

Legislation aimed at ensuring coronavirus small business grants are not subject to income tax has now passed both...
11 December 2020 • By Jotham Lian
Small businesses overlooked
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
Reform taxpayer burden of proof
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
Hoa Wood
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
ATO
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