Tax

Small business shut out from loss carry back
Tax

‘Unnecessary and unfair’: Small business shut out from loss carry back

Thousands of small businesses are set to miss out on accessing the temporary loss carry back provisions due to its...
15 October 2020 • By Jotham Lian

more from tax

Taxpayer granted full release of $130k tax debt on serious hardship grounds
Tax

Taxpayer granted full release of $130k tax debt on serious hardship grounds

A taxpayer has been granted a full release of over $130,000 in tax debts after succeeding in proving he would suffer...
13 October 2020 • By Jotham Lian
Commissioner registers new JobKeeper alternative test
Tax

Commissioner registers new JobKeeper alternative test

The ATO has now registered an additional alternative decline in turnover test for the JobKeeper extension.
12 October 2020 • By Jotham Lian
Tax cuts set to flow ‘within a few days or weeks’
Tax

Tax cuts set to flow ‘within a few days or weeks’

The ATO has begun updating its tax withholding schedules to reflect the latest round of income tax cuts, as non-salary...
12 October 2020 • By Jotham Lian
Robyn Jacobson
Tax

Diving into the federal budget omnibus tax bill

The federal budget contained a range of tax measures aimed at incentivising businesses and individuals to spend and...
09 October 2020 • By Robyn Tongol
Large businesses lament federal budget aggregated turnover rule
Tax

Large businesses lament federal budget aggregated turnover rule

The aggregation rule in the federal budget’s expanded instant asset write-off is set to exclude a number of larger...
09 October 2020 • By Jotham Lian
Federal budget tax bill passes without amendments
Tax

Federal budget tax bill passes without amendments

The omnibus bill containing a raft of the federal budget’s tax measures has now been passed by both houses of...
09 October 2020 • By Jotham Lian
Sydney tax agent banned over cash flow boost rort
Tax

Sydney tax agent banned over cash flow boost rort

A Sydney company tax agent has had its registration torn up after it was found attempting to rort over $20,000 of the...
09 October 2020 • By Jotham Lian