Tax
Tax
Higher tax or audit: the professional firm profits dilemma
Warn clients now about what PCG 2021/4 means for allocations, accountants told.
15 November 2022 • By Josh Needs
Tax
Offspring living with parents miss out on 67c WFH rate
11 November 2022 • By Philip King
Tax
WFH 67c fixed rate ‘opaque and too demanding’
10 November 2022 • By Philip King
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Tax
Pensioner work scheme ‘will fail to ease skill shortage’
An ability to earn an extra $4,000 this year before losing benefits has insufficient time to make an impact,...
09 November 2022 • By Philip King
Tax
Big-end-of-town tax: miners, banks pay up, but for one-third it’s zip
Just seven companies paid 40 per cent of the $69 billion income tax reaped from 2,500 large corporations.
04 November 2022 • By Josh Needs
Tax
Off-market buyback measure sparks fears of further policy change
Two separate measures relating to franking credits in the space of two months have set alarm bells ringing at the SMSF...
04 November 2022 • By Miranda Brownlee
Tax
Why the devil lurks in budget detail
The budget was framed as a reset of fiscal policy by Labor, but the government gave a wide berth to tax reform and had...
04 November 2022 • By Robyn Jacobson
Tax
What does the Minerva case mean for trust distributions?
The Federal Court upheld the ATO’s view that there was an anti-avoidance scheme at work.
04 November 2022 • By John Jeffreys
Tax
Revised work-from-home regime ‘bad news for taxpayers’
Fixed rate of 67c an hour will typically leave people out of pocket compared with previous methods, says H&R Block.
03 November 2022 • By Philip King
Tax
ATO releases revised WFH expense claims guidance
UPDATED: The shortcut method adopted during the pandemic ended on June 30 and PCG 2022/D4 changes the game.
02 November 2022 • By Philip King