Federal Budget 2022-23: Cost of Living Relief
The pre-election Budget was designed to help individuals cope with rising living costs. Australians have seen rising bills at the grocery and bowser. This problem...
The income tax and FBT consequences of COVID-19 work-related test costs
The Government passed legislation that will allow individuals to deduct COVID-19 testing expenses. This is where there is a nexus with the calculation of assessable...
First home buyers can get government assistance.
One of TaxBanter's trainers recalls April 2000. It was just a few months before she turned 20. That is when she and her sister, who...
ATO Tax Time 2022 resources are available now
Record-keeping The ATO will take 'firm action" to address taxpayers who intentionally try to increase their refunds, falsify records, or can't support their claims. This...
It is possible to deduct it. It depends
Overview Tax professionals can prepare for a flurry of client tax returns in the coming months, with Tax Time 2022 just a few weeks away....
Crypto assets — tax amendment proposed and current ATO guidance
Although cryptocurrency pricing has been somewhat of a rollercoaster ride, with recent drops in value potentially leading to substantial losses (at most on paper) for...
Tax Time ATO Focus Areas and Toolkit for Small Businesses
Income Andrew Watson, Assistant Commissioner to the Treasury, reminded small businesses that all income should be included, even earnings from side hustles. Nearly half of...
Global Market Carbon Taxes: Are There Any Changes?
After a long and unpredictable legislative journey, negotiations have reached the final stage for the first global carbon border adjustment mechanism (CBAM) by the European...
Tax Business Integration – Carrots and Sticks
Good tax functions are not "nice to have". It can be the difference between being able and not to do business. The loss of a license to...
How tax compliance data can be used to address the most important issues for your CEOs
According to our latest CEO Survey, 72% of UK CEOs worry about increasing tax obligations. 70% want to drive growth through operational efficiency. Tax departments will now...