Tax

Tax

‘Guidance has never been so important’: $130bn JobKeeper legislation passes

The government’s $130 billion JobKeeper program has now passed both houses of parliament as the profession continues...

08 April 2020 • By Jotham Lian

more from tax

Tax

ATO, TPB vow to crack down on COVID-19 tax rorts

The ATO and the Tax Practitioners Board have now warned of “firm and swift action” against tax agents who defraud the...

07 April 2020 • By Jotham Lian

Tax

Treasury updates JobKeeper guidance

Treasury has now updated its guidance on the yet-to-be-legislated JobKeeper payments, including significant...

07 April 2020 • By Jotham Lian

Tax

ATO adopts ‘strict line’ on PAYG withholding deferrals

The ATO will now only consider deferring PAYG withholding for large businesses where there is a genuine risk of...

06 April 2020 • By Jotham Lian

Tax

Taxpayers cautioned on abusing ‘tax arbitrage’ of early super release

Taxpayers have been urged to reconsider applying for the early release of super to simply obtain tax benefits, with...

06 April 2020 • By Jotham Lian & Aidan Curtis

Tax

Commissioner faces lodgement deferral test

The joint accounting bodies have now written directly to the Commissioner of Taxation, calling for lodgement...

03 April 2020 • By Jotham Lian

Tax

ATO pushed on urgent guidance

The ATO has been called on to provide swift and extensive guidance on the government’s economic stimulus measures as...

03 April 2020 • By Jotham Lian

Tax

Franking credits ‘on the table’ to fund stimulus, says Geoff Wilson

Franking credits advocate Geoff Wilson believes the government will leave nothing off the table to fund its...

02 April 2020 • By Jotham Lian