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Four ways work-related tax deductions could be simplified

John Minas and James Minas
May 4, 2021
Ever wondered why you’re still collecting receipts for tax deductions on the off-chance the ATO wants to see them?
A decade ago, fired up by what he’d read in the Henry Tax Review, Labor treasurer at the time Wayne Swan promised to end what he said was the “hassle of shoeboxes full of receipts”.
From 2012, everyone would be offered a standard deduction of $500 in lieu of claiming work-related and tax-preparation expenses. It was to climb to $1,000 from 2013, and 6.4 million Australians could stop stuffing shoeboxes.
Then, a year later, his focus changed. He had decided not to proceed because of a separate change to the tax-free threshold that he said would free 1 million taxpayers from lodging returns. ....

New Zealand , Wayne Swan , Blueprint Institute , Henry Tax Review , புதியது ஜீலாந்து , வேன் அன்னம் , வரைபடம் நிறுவனம் , ஹென்றி வரி விமர்சனம் ,

Stop filling shoeboxes with receipts. Here's how to simplify work-related tax deductions

Ever wondered why you’re still collecting receipts on the off-chance the Tax Office wants to see them?
A decade ago, fired up by what he’d read in the Henry Tax Review, Labor Treasurer Wayne Swan promised to end what he said was the “hassle of shoeboxes full of receipts”.
From 2012 onwards everyone would be offered a standard deduction of $500 in lieu of claiming work-related and tax-preparation expenses. It was to climb to $1,000 from 2013. 6.4 million Australians could stop stuffing shoeboxes.
Then a year later his focus changed. He had decided not to proceed because of a separate change to the tax-free threshold he said would free 1 million taxpayers from lodging returns. ....

New Zealand , Wayne Swan , John Minas , James Minas , Professor Of The School Business , University Of Tasmania , Tax Office , Blueprint Institute , Ithaca College , Henry Tax Review , Labor Treasurer Wayne Swan , Greek Australians , Senior Lecturer , Assistant Professor , புதியது ஜீலாந்து , வேன் அன்னம் , ஜான் மினாஸ் , பல்கலைக்கழகம் ஆஃப் டாஸ்மேனியா , வரி அலுவலகம் , வரைபடம் நிறுவனம் , இத்தாக்கா கல்லூரி , ஹென்றி வரி விமர்சனம் , தொழிலாளர் பொருளாளர் வேன் அன்னம் , கிரேக்கம் ஆஸ்திரேலியர்கள் , மூத்தவர் விரிவுரையாளர் , உதவியாளர் ப்ரொஃபெஸர் ,

If we wanted to, we could stop filling shoeboxes with receipts. Here's how to simplify work-related tax deductions

Ever wondered why you’re still collecting receipts on the off-chance the Tax Office wants to see them?
A decade ago, fired up by what he’d read in the Henry Tax Review, Labor Treasurer Wayne Swan promised to end what he said was the “hassle of shoeboxes full of receipts”.
From 2012 onwards everyone would be offered a standard deduction of $500 in lieu of claiming work-related and tax-preparation expenses. It was to climb to $1,000 from 2013. 6.4 million Australians could stop stuffing shoeboxes.
Then a year later his focus changed. He had decided not to proceed because of a separate change to the tax-free threshold he said would free 1 million taxpayers from lodging returns. ....

New Zealand , Wayne Swan , Tax Office , Blueprint Institute , Henry Tax Review , Labor Treasurer Wayne Swan , புதியது ஜீலாந்து , வேன் அன்னம் , வரி அலுவலகம் , வரைபடம் நிறுவனம் , ஹென்றி வரி விமர்சனம் , தொழிலாளர் பொருளாளர் வேன் அன்னம் ,

'No benefit': H&R Block casts doubt on standard deductions

'No benefit': H&R Block casts doubt on standard deductions
accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.

New Zealand , New South Wales , United States , John Buckley , Susan Franks , Elinor Kasapidis , Mark Chapman , Blueprint Institute On , Washington Post , Hr Block , Blueprint Institute , Accountants Daily , Stax Review , Chartered Accountants Australia , Sydney Morning , Blueprint Institute , Tandardised Deductions , புதியது ஜீலாந்து , புதியது தெற்கு வேல்ஸ் , ஒன்றுபட்டது மாநிலங்களில் , ஜான் பக்லி , சூசன் பிராங்குகள் , குறி சாப்மேன் , வாஷிங்டன் போஸ்ட் , மணி தொகுதி , வரைபடம் நிறுவனம் ,

Extra 200,000 jobs needed to hit unemployment goal

Extra 200,000 jobs needed to hit unemployment goal
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Up to 200,000 extra jobs will need to be created to meet the federal government’s new budget goal to push down unemployment below 5 per cent and generate accelerating wages growth.
Economists said the historically low unemployment target was unlikely to be reached before next year, delaying budget repair until after the federal election.
Jobs will the the government’s focus in the budget.
Louise Kennerley
Canberra-based Outlook Economics director Peter Downes said reducing the jobless rate from the current 5.6 per cent was the right goal and it would ultimately help improve the budget bottom line, even if it required more government spending in the short-term. ....

Steven Hamilton , Ted Evans , Chris Richardson , Josh Frydenberg , Blueprint Institute , Access Economics , Reserve Bank , ஸ்டீவன் ஹாமில்டன் , டெட் எவன்ஸ் , கிறிஸ் ரிச்சர்ட்சன் , வரைபடம் நிறுவனம் , நுழைவு பொருளாதாரம் , இருப்பு வங்கி ,