ATO and Tax Updates

Tax crack down coming Against a sobering backdrop of economic data and

New lower fixed rate method for claiming WFH expenses Taxpayers could soon

IGOT interim report on ATO’s handling of objections The result of a

Practical Compliance Guideline PCG 2019/5 updated for COVID Practical Compliance Guideline PCG

Updated ATO Guide – Market valuation for tax purposes The ATO has

Proposal to simplify FBT record keeping In order to reduce red tape

Proposed 20% bonus deduction for employee training To stem the tide of

Some SMEs to be subject to 4 year period of review Some

Changes to clarify the tax residency tests for individuals A Draft Ruling

Forthcoming tax law changes The government has introduced a number of legislative