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Tax
Inspector-General of Taxation investigation opens door to cash flow boost,...
New businesses denied JobKeeper or the cash flow boost may now be eligible in the wake of a new report, but the ATO...
21 December 2020 • By Jotham Lian
Tax
A taxing year: Wrapping up 2020 and looking ahead to 2021
18 December 2020 • By Robyn Tongol
Tax
ATO thanks tax profession
18 December 2020 • By Reporter
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Tax
Tax Office releases loss carry-back guidance
Information around the recently legislated loss carry-back tax offset has now been published by the Tax Office.
18 December 2020 • By Jotham Lian
Tax
Tax agents advised on incoming ATO certificates
Tax agents may soon receive an ATO certificate of tax information on behalf of travel agent clients who have applied...
16 December 2020 • By Jotham Lian
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
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
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
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