Tax

Tax

Incomplete ATO client lists highlighted ahead of TPAR deadline

The ATO’s recent mailout of clients with a taxable payments annual report obligation may be incomplete, with...

29 July 2020 • By Jotham Lian

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Tax

Deregistered agent jailed for $200k tax fraud

A former BAS agent has now been sentenced to three years in jail for fraudulently obtaining close to $200,000 through...

27 July 2020 • By Jotham Lian

Tax

Extended director penalty regime to catch out ‘zombie companies’

Directors of companies struggling through COVID-19 conditions could be at particular risk of the recently expanded...

27 July 2020 • By Jotham Lian

Tax

ATO cops backlash on delayed Everett assignment guidelines

The Tax Office’s 30-month-long review of how professional firms engage in income splitting has yet to result in draft...

24 July 2020 • By Jotham Lian

Tax

Government hints at tax cuts despite plunging tax revenue

The Morrison government has committed to lowering taxes and creating tax incentives to stimulate the economy despite...

24 July 2020 • By Jotham Lian

Tax

Government extends COVID-19 early access to super

Australians adversely financially affected by COVID-19 will now be given more time to apply for the early release of...

23 July 2020 • By Jotham Lian

Tax

‘Triumph of bureaucratic, systems-based thinking’: JobKeeper anomaly left...

The government has failed to address a JobKeeper anomaly where new entities have been denied access due to their...

23 July 2020 • By Jotham Lian

Tax

Accounting profession waits on JobKeeper 2.0 guidance

The accounting profession has cautiously welcomed the extension to JobKeeper as it awaits further guidance from the...

22 July 2020 • By Jotham Lian