Audit Section 100A: why so much attention? May 5, 2021 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. Read more
Financial Reporting Are spreadsheets hindering your indirect tax processes? April 12, 2021 Spreadsheets have their place, there’s no doubt about that. But the way they’re being used in the indirect tax world right now is a cause for concern. Read more
Practice and Advisory Casual employment reforms passed in pared-back Fair Work Amendment Act April 7, 2021 The Federal Government passed legislation on 22 March 2021, amending the Fair Work Act 2009 specifically in relation to casual employment. Read more
ATO Voluntary JobKeeper repayments – deductible? The ATO response April 7, 2021 In response to the decision by some prominent Australian businesses to return their JobKeeper payments, the ATO says that a voluntary repayment will be deductible “in limited circumstances”. Read more
Tax Technology Moving away from spreadsheets: 3 ways to automate your tax process April 7, 2021 Keep using spreadsheets? Sure, they have their place, but it’s more for certain types of tasks, not necessarily for everything that you’re trying to do. Read more
ATO ATO data-matching for motor vehicle registrations February 5, 2021 The ATO has gazetted a Notice which will enable it to acquire motor vehicle registry data from State and Territory motor vehicle registry authorities for the period 2019-20 to 2021-22. Read more
Tax Legislation High Court rules Westpac super switching campaign was “personal advice” February 5, 2021 The High Court has dismissed Westpac’s appeal and ruled that it had provided “personal advice” (and not simply “general advice”) in relation to a superannuation switching campaign. Read more
Tax Legislation Legislation 2021 – What remains before parliament? February 1, 2021 Explore which bills have been introduced in the Australian Parliament but are yet to be passed. Read more
Research and Commentary TSB winds up FASEA: New body to be announced December 17, 2020 The Treasurer and the Assistant Minister for Superannuation, Financial Services and Financial Technology have issued a joint media release announcing changes to the regulatory framework that applies to financial advisers. Read more
Practice and Advisory JobMaker Hiring Credit now open – What do employers need to know? December 17, 2020 Now that the JobMaker Hiring Credit is open, there are a number of criteria that employers and employees must meet in order for the credit to be payable. Read more