Tax

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

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Tax

Backdated income tax cuts confirmed

The widely expected income tax cuts will now be brought forward and backdated to 1 July 2020 as the government looks...

06 October 2020 • By Jotham Lian

Tax

Government commits $2bn to R&D tax incentive

The government has all but walked back on its contentious proposed cuts to the research and development tax incentive.

06 October 2020 • By Jotham Lian

Tax

‘Fantastic outcome’: Government clarifies corporate residency rules

Companies with significant economic connection to Australia will now be treated as an Australian tax resident under a...

06 October 2020 • By Jotham Lian

Tax

Loss carry-back provisions back on the table

Businesses that have suffered losses or will continue to be in a loss-making position for the next financial year will...

06 October 2020 • By Jotham Lian

Tax

$27bn ‘game changer’ business tax break announced

Over 99 per cent of businesses will now be able to fully expense eligible depreciable assets immediately, in what has...

06 October 2020 • By Jotham Lian

Tax

Government urged to raise tax offset cap for small-business owners

The small business tax discount should be increased, alongside sped-up income tax cuts and a loss carry-back scheme,...

06 October 2020 • By Jotham Lian

Tax

CGT exemptions set to apply to granny flat arrangements

Australian families looking to care for elderly parents through granny flat arrangements will now be granted a capital...

06 October 2020 • By Jotham Lian