ATO crackdown on investors claiming deductions for vacant properties
A beach house owner was able to claim deductions even though it was untenanted for years. Now the ATO is cracking down.
Source: afr.com
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Accountants must alert clients to LMITO, remind them who to blame
Alarm bells in the media could mean angry clients so tax agents need to explain the change or risk being a target.
Source: accountantsdaily.com.au
Budget: Changes coming to tax administration
Various measures will see an overhaul of several tax management systems.
Source: accountantsdaily.com.au
Appointments - Board of Taxation - part-time members
Australian Treasury The Morrison Government has appointed Mrs Tanya Titman and Mr Ian Kellock as part-time members of the Board of Taxation (the Board) for a three-year period from 12 May 2021. The Board is a non-statutory advisory body charged with improving the design of taxation laws and their operation by bringing together business and broader community perspectives. Mrs Titman is a Partner at BDO and the Head of Strategic Innovation. She has 25 years’ experience in working with SMEs in a...
Source: miragenews.com