The ATO has released its draft protocol to guide taxpayers and their advisors when making Legal Professional Privilege claims to the regulator.
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Pandora Papers released: ATO to investigate for Australian links
The ATO is investigating details of offshore tax planning activities contained in the so-called “Pandora Papers” released by the ICIJ.
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How corporate tax leaders are justifying ROI in the Asia-Pacific
As a tax function, your business now expects more of you than timely filings and returns, and you need the right tools to meet those new demands.
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Employee share schemes: Parliamentary committee presents report
The House of Representatives Standing Committee on Tax and Revenue has presented its report on employee share schemes.
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NSW COVID-19 JobSaver changes: more businesses, increased payment
The NSW Government has announced changes to key support measure, the JobSaver package, for businesses impacted by the ongoing lockdown.
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COVID-19 Disaster Support Payment boosted: PM and Treasurer
Increased financial support for workers in New South Wales is now available as part of the expanded national COVID-19 Disaster Payment, the government announced.
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Cryptocurrency taxation myths: time for a reality check
Cryptocurrency is no longer confined to the fringe of organised crime and tech companies. The age of ‘digital currency’ has well and truly arrived and many Australians have taken to investing in crypto. Tax myths abound and not surprisingly, regulators worldwide, including the ATO, are on the case.
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2021 Budget snapshot
This year’s Budget was dominated by spending measures directed toward social programs, with only a few, very specific, tax changes.
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Downsizer in-specie contributions confirmed by ATO
The ATO has confirmed to the SMSF Association that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied.
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Section 100A: why so much attention?
One of the areas of particular interest to the ATO is s 100 of the ITAA 1936. This article looks at what s 100 is, why it has garnered significant attention in recent years, and respective guidance for tax advisors.
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