Tax

Higher tax or audit: the professional firm profits dilemma
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

more from tax

Pensioner work scheme ‘will fail to ease skill shortage’
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
Big-end-of-town tax: miners, banks pay up, but for one-third it’s zip
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
Off-market buyback measure sparks fears of further policy change
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
Why the devil lurks in budget detail
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
What does the Minerva case mean for trust distributions?
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
Revised work-from-home regime ‘bad news for taxpayers’
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
ATO releases revised WFH expense claims guidance
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