Practical Compliance Guideline PCG 2019/5 updated for COVID Practical Compliance Guideline PCG 2019/5 has recently been updated by the ATO

Updated ATO Guide – Market valuation for tax purposes The ATO has released an updated version of its online Guide,

Proposal to simplify FBT record keeping In order to reduce red tape for businesses, the government has released draft legislation

Proposed 20% bonus deduction for employee training To stem the tide of the current workforce shortage in many industries, the

Some SMEs to be subject to 4 year period of review Some small and medium business entities (SMEs) could soon

Changes to clarify the tax residency tests for individuals A Draft Ruling is due to be issued by the ATO

Forthcoming tax law changes The government has introduced a number of legislative changes, some related to previously prorogued measures when

FBT exemption for electric cars During the 2022 election campaign, Labor announced its Electric Car Discount policy in order to

GST fraud update: Operation Protego In a recent update on Operation Protego, the ATO has continued to take action against

ATO new approach to unpaid present entitlements and sub-trusts The long awaited Taxation Determination on the treatment of UPEs and

ATO strategy update: small business and individuals While providing a recent strategy update, Mr Jeremy Hirschhorn, Second Commissioner Client Engagement

ATO’s new protocol for making LPP claims Recently, the ATO released a protocol document which contains its recommended approach for

Temporary full expensing of depreciating assets extended Businesses will have another year to utilise the temporary full expensing of depreciating

Current compliance issues in the SMSF space The SMSF space has always been a complex area for trustees, beneficiaries, and

New ATO guidelines for allocation of professional services firm profits If you run a professional services firm there are many