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Tax & Compliance

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ATO signals crackdown on 4 ineligible work-from-home claims As tax time looms, the ATO has pointed to four key ineligible work-from-home claims it will be watching closely as taxpayers look to make the most of flexible working arr...
Expanding self-education deductions a ‘no-brainer’, says IPA Allowing taxpayers to claim deductions for education and training expenses unrelated to their current jobs will remove a disincentive within the tax system, says one prof...
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Senate committee suggests separate R&D tax incentive for software A Senate committee into fintech and regtech has urged the government to introduce quarterly R&D tax payments for technology firms, along with new requirements that wo...
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Frydenberg announces tax relief for brewers and distillers The government has announced a $225 million tax relief package for brewers and distillers ahead of next week’s federal budget, as it looks to encourage hiring across th...
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Taxpayers urged to keep work-from-home records Moore Australia has called for taxpayers to keep a diligent log of the hours worked from home this financial year as tax time looms. Write comment (0 Comments) ...
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ATO to review ‘thousands’ of JobKeeper, cash flow boost denials Thousands of taxpayers could now retrospectively receive JobKeeper and cash flow boost payments following the ATO’s acceptance of the Full Federal Court’s decision. ...
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‘No benefit’: H&R Block casts doubt on standard deductions The reasons why the 2009 Henry review’s standardised reductions were found to be unworkable still ring true today, says one national tax and accounting network. ...
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Standardised deductions won’t hurt demand for tax agents: CA ANZ, CPA Australia The nation’s accounting bodies have raised questions over the scope and modelling that underpins rehashed calls for a $3,000 standardised deduction covering work-relate...
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Scrap tax returns and save on accounting fees, says think tank Australia should introduce an opt-in standardised $3,000 deduction covering work-related expenses and other personal deductions to simplify the tax system and save Austra...
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‘Increase the rate, broaden the base’: Looking at GST 20 years on Consumption tax should be raised to 20 per cent or broadened to cover a wider base, says tax experts as debate over the GST rages on. Write comment (6 Comments) ...
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ATO finalises guidance on new discretion to retain refunds ATO officers will now be expected to explain to taxpayers why their tax refunds are being retained, after laws were passed to extend the commissioner’s discretion to re...
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