If accountants ever needed reminding that 2020 is indeed a strange year, look no further than the fact that the 2020 Federal Budget will be brought down on Tuesday, 6 October rather than the traditional “second Tuesday in May”.
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Tax Manager / Director Posts
Federal Budget 2020 confirmed for 6 October
The Treasurer has confirmed that the 2020-21 Federal Budget will be handed down on Tuesday, 6 October 2020.
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Time to review long-held practices for directors’ fees
The changing requirements for reporting directors’ fees have intersected with COVID-19 economic stimulus measures, activity statement reporting and Services Australia increasing potential compliance risks. Several issues have arisen which demand attention.
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Global leaders predict transformation ahead for the tax and legal industry
KPMG global tax and legal leaders Jenny Clarke and Stuart Fuller, panellists at Thomson Reuters’ recent Return to Better conference, share their predictions for the future of their industries.
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Making our future work: Bernard Salt looks beyond COVID-19
Until this year Bernard Salt predicted the top three calamities likely to befall humanity would be climate, nuclear and military devastation. But not a global pandemic. “I never saw it coming,” confesses Australia’s leading demographer.
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GST SARs: ATO’s new GST Governance, Data Testing and Transaction Testing Guide
On 15 July 2020, the Australian Taxation Office (ATO) published the GST Governance, Data Testing and Transaction Testing Guide.
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ATO compliance approach to trust liquidity issues due to COVID-19
The ATO has advised that it will not undertake compliance action to consider the validity of a beneficiary’s entitlement, or the application of s 100A of the ITAA 1936, where a trustee is affected by liquidity issues due to COVID-19 and unable to satisfy a beneficiary’s entitlement.
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What does the future hold for tax and super post-COVID-19?
The future of the economy post-pandemic? It’s in the hands of our tax system and superannuation regime. But are they up to it?
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Is an annual tax on the family home the fairest way forward?
The NSW Review of Federal Financial Relations Draft Report ‘Supporting the Road to Recovery’, released at the National Press Club in Canberra on 1 July 2020, highlights a number of clear areas of tax reform.
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Tax Q&A Forum: Your questions answered by the country’s leading tax experts
Get your questions answered by the country’s leading tax experts.
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