Tax

Tax

Education, training deduction claims to widen under proposed change

Taxpayers might soon be able to claim deductions for education and training outside their chosen careers, as the...

19 January 2021 • By Jotham Lian

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Tax

Ombudsman calls for ‘transparent and predictable’ R&D tax incentive

Eligibility requirements for the research and development tax incentive should be overhauled, says the Australian...

12 January 2021 • By Jotham Lian

Tax

Treasurer details tax-free coronavirus grants

Six Victorian coronavirus grant programs will now be exempt from income tax following a declaration from Treasurer...

08 January 2021 • By Jotham Lian

Tax

Returning Australian expats cautioned on tax traps

Thousands of Australian expats waiting to return home amid the coronavirus pandemic have been urged to give thought to...

08 January 2021 • By Jotham Lian

Tax

ASIC defends handling of Shipton’s tax expense probe

ASIC has revealed why it chose to delay sending correspondence around embattled chair James Shipton’s expenses to the...

08 January 2021 • By Sarah Kendell

Tax

80¢ per hour work-from-home deduction method extended

Taxpayers continuing to work from home in the new year will be allowed to continue using the simplified...

07 January 2021 • By Jotham Lian

Tax

Phoney tax agent jailed after 14 years on the run

A Victorian man who pretended to be a tax agent has now been sentenced to five months in jail after pocketing over...

06 January 2021 • By Jotham Lian

Tax

Audit quality dips despite big six improvement

The corporate regulator has put auditors on notice as audit quality continues to fall despite the big six accounting...

06 January 2021 • By Jotham Lian