June 16, 2020

Tax Time 2020: ATO Flags Work-Related Hotspots

Source: Accountants Daily The ATO has now announced a number of deduction hotspots that it will pay close attention to this year, in light of COVID-19. […]
June 16, 2020
money hand myb

ATO Set to Issue Early Access to Super Tax Arbitrage Guidance

Source: Accountants Daily Accountants Daily understands the ATO is currently preparing guidance on the limited circumstances when an individual will be allowed to access some of […]
June 16, 2020
write off

$150K Instant Asset Write-Off Extended

The $150,000 instant asset write-off has now been extended until the end of the year as the government looks to spur businesses to invest. The instant […]
June 4, 2020

The 1 July Company Tax Rate Reduction

Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020.  The 1 July change […]
June 4, 2020
Landmark ruling on employment rights for casual employees

Have Casual Workers Been Granted Annual Leave?

News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is […]
June 4, 2020

The ATO’s JobKeeper Audit Targets

The ATO’s JobKeeper audit targets “…while it is all very well to talk of ‘turning points’, one can surely only recognise such moments in retrospect.” Kazuo […]
June 3, 2020
$150 Asset Writeoff

$150k Instant Asset Write-Off Set For Significant Drop

Source: Accountants Daily Announced in the first round of the government’s stimulus package in early March, the instant asset write-off threshold was increased by fivefold, rising […]
June 3, 2020

ATO Updates JobKeeper Compliance Approach

Source: Accountants Daily Practical Compliance Guideline 2020/4, which sets out when the ATO will apply its compliance resources to schemes to obtain access or to increase […]
May 27, 2020

Tax Storm Looms for Super

In a statement, Rice Warner executive director Michael Rice has warned the super will “no longer be as sacred as it was in the past”, with […]


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