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What’s happening in the world of tax.

JobKeeper compliance

JobKeeper compliance

In these difficult and unprecedented times, it is understandable that there is confusion around the JobKeeper arrangements. Rushing to meet needs of businesses affected by COVID19 the Government, Treasury, the ATO have miscalculated the numbers involved. Rushing to..

Work related expenses guidance

Work related expenses guidance

Work related expenses have probably been a tax quandary from soon after 1936. From the notion of explaining how much your income was, what your deductions where and then tell us – to much more complicated considerations of whether an item relates to earning assessable…

Covid-19

Covid-19

DOES YOUR BUSINESS OWE THE ATO MONEY BECAUSE OF THE IMPACT OF COVID-19? The economic impacts of COVID-19 have been especially harsh on small to medium businesses. The good news is that generic support is available, including the government initiatives largely…

International tax – advanced pricing agreements

International tax – advanced pricing agreements

“Our firm has international related party dealings – how do we mitigate the risk of a transfer pricing review/audit?” A product that many revenue authorities offer to taxpayers that have international related party dealings is an Advance Pricing…

The taxing business of tax audits

The taxing business of tax audits

Visiting the dentist is one of the worst experiences that people have. The anticipation, the pain, and the unexpected nasty surprise – both in your mouth and pocket! One of life’s other unpleasant experiences is a tax audit. Those of us, who have nothing…