Tax

Tax

ATO announces Div 7A COVID-19 assistance

Taxpayers affected by COVID-19 will now be able to request for an extension of time to meet the minimum yearly...

26 June 2020 • By Jotham Lian

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Tax

ATO shifts gears on COVID-19 compliance approach

The ATO has now outlined its compliance approach to the COVID-19 stimulus measures, including an update on a list of...

23 June 2020 • By Jotham Lian

Tax

ATO reins in early access to super tax schemes

Australians looking to take advantage of a tax benefit loophole in the COVID-19 early access to super scheme have now...

22 June 2020 • By Jotham Lian

Tax

$35m offshore tax evasion scheme sees tax agent banned

A tax agent has now been struck off the Tax Practitioners Board’s register for attempting to conceal over $35 million...

22 June 2020 • By Jotham Lian

Tax

‘Competing priorities’: Government pushed on SG amnesty extension

The economic impact of COVID-19 has seen the superannuation guarantee amnesty put on ice for employers, with the...

22 June 2020 • By Jotham Lian

Tax

The tax advice gap for the most financially vulnerable

The National Tax Clinic program is a federal government-funded initiative that helps financially vulnerable small...

19 June 2020 • By Tasha Levy

Tax

ATO clarifies JobKeeper pre-fill treatment

The ATO has now clarified how to treat different income types, including JobKeeper payments and employment termination...

19 June 2020 • By Jotham Lian

Tax

Omnibus bill containing FBT, testamentary trust amendments passed

An omnibus bill bringing the Fringe Benefits Tax Act and the Goods and Services Tax Act definitions of a taxi in line...

18 June 2020 • By Jotham Lian