Tax

Tax

ATO’s ‘hands are tied’ on cash flow boost, JobKeeper anomaly: Tax Institute

Businesses that are seeking redress for their cash flow boost ineligibility may find their efforts futile unless a...

23 September 2020 • By Jotham Lian

more from tax

Tax

Proposed sped-up tax cuts blasted in new ad campaign

Critics of the Morrison government’s proposed sped-up tax cuts are demanding that Treasurer Josh Frydenberg move away...

22 September 2020 • By Cameron Micallef

Tax

Alternative tests ‘still apply’ for JobKeeper extension

Alternative tests for the JobKeeper extension are set to remain largely the same as the first version, with the...

21 September 2020 • By Jotham Lian

Tax

ATO circles around 1,200 who utilised early release of super tax planning...

Around 1,200 individuals have been contacted by the ATO around a tax planning strategy involving the early release of...

21 September 2020 • By Jotham Lian

Tax

Capital gains tax — 35 years on and facing the chasm of middle age

The broadening of the income tax system under then treasurer, the Hon Paul Keating to encompass capital gains tax,...

18 September 2020 • By Stuart Dall & Michael Charles, Pitcher Partners

Tax

New JobKeeper 2.0 rule removes ‘smorgasbord’ of attribution options

The new rules regarding the basis of accounting that an entity is required to use in calculating actual GST turnover...

18 September 2020 • By Jotham Lian

Tax

Tax Office clarifies cash-flow boost compliance focus

Closely held entities with different salary and wage scenarios will not be explicitly targeted by the Tax Office’s...

17 September 2020 • By Jotham Lian

Tax

Fair Work publishes JobKeeper legacy guidance for tax, BAS agents

Fair Work has now released guidance around the JobKeeper legacy employer 10 per cent decline in turnover test,...

17 September 2020 • By Jotham Lian