Tax

Tax

Over 800,000 Australians dip into super again

Appetite for the early access to superannuation scheme has failed to slow down, with over 800,000 Australians now...

20 July 2020 • By Jotham Lian

more from tax

Tax

Yes, there are millionaires who pay no tax, but crimping deductions mightn’t...

For some people, tax time will result in no tax paid this year, and if past years are anything to go by, about 50 of...

17 July 2020 • By Ann Kayis-Kumar, Chris Evans, Youngdeok Lim, UNSW

Tax

ATO records ‘biggest 1 July ever’ with 640% spike

Over 1.7 million Australians have now lodged their tax returns in the first two weeks of the new financial year,...

16 July 2020 • By Jotham Lian

Tax

Short-changed for lodging quarterly: A case study

A case study of a recent ATO decision on the eligibility of an entity for the cash-flow boost highlights the strict...

16 July 2020 • By Jotham Lian

Tax

Tax watchdog vows to inspect JobKeeper termination letters

The Inspector-General of Taxation and Taxation Ombudsman will begin investigating the ATO’s JobKeeper termination...

15 July 2020 • By Jotham Lian

Tax

‘The world is getting smaller’: Global tax chiefs to focus on dodgy...

Crafty tax agents and lawyers enabling offshore tax evasion and avoidance through dubious schemes have now been put on...

15 July 2020 • By Jotham Lian

Tax

Australians raid super in second round of early release

Close to 350,000 Australians have now dipped into their superannuation for the second time this year, with $19.1...

15 July 2020 • By Jotham Lian

Tax

Practitioners, clients disgruntled by ‘unfair and inequitable’ JobKeeper anomaly

Entities denied the JobKeeper payments because of their reporting cycle have continued to push back against the ATO as...

14 July 2020 • By Jotham Lian