Tax

Tax

Loss carry-back tax offset gains accounting stamp of approval

The proposed reintroduction of a loss carry-back scheme will help cash-strapped businesses get through rocky economic...

02 October 2020 • By Jotham Lian

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Tax

Temporary home office expenses shortcut extended again

The 80 cents per hour work-from-home deduction method has now been extended for a further three months to the end of...

30 September 2020 • By Jotham Lian

Tax

Victorian small business grants now income tax free

Victorian businesses receiving grants under the state’s $3 billion support package will now be exempt from paying...

29 September 2020 • By Jotham Lian

Tax

ATO embarks on next 5,000 private groups review

The Tax Office has now released a list of topics it will potentially cover in its assurance reviews of 5,000 privately...

29 September 2020 • By Reporter

Tax

JobKeeper changes today: What accountants need to do now

JobKeeper eligibility and rate changes come into play today, but employers will have additional time to assess their...

28 September 2020 • By Jotham Lian

Tax

ATO urges action ahead of Monday JobKeeper change

The ATO has urged businesses to get up to speed with the JobKeeper extension, with new eligibility rules and payment...

25 September 2020 • By Jotham Lian

Tax

ASIC extends temporary AFSL exemption for tax agents

Registered tax agents will continue to be able to provide advice to clients on the early release of superannuation...

24 September 2020 • By Jotham Lian

Tax

Commissioner registers updated JobKeeper alternative tests

The Commissioner of Taxation has now released the updated alternative decline in turnover tests for the JobKeeper...

23 September 2020 • By Jotham Lian