PwC, KPMG, Deloitte, EY face ATO crackdown on income splitting, Everett schemes
The Tax Office has foreshadowed ‘increased enforcement action’ on income-splitting schemes, as tax arrangements come under Senate scrutiny.
Source: afr.com
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Disqualified agents to be 'weeded out' if law passes
Entities will need to ensure that any tax agents they hire have not been precluded from providing advice, according to a bill currently before parliament.
Source: accountantsdaily.com.au
Australian Taxation Office shifts working-from-home tax deductions rules post COVID-19
Millions of Australians working from home will no longer need a designated office space to claim significant tax deductions.
Source: afr.com
Most taxpayers 'will be in the dark' about WFH changes
The ATO should have postponed its revisions to the work-from-home claims regime until next financial year, says H&R Block. mtc
Source: accountantsdaily.com.au
'Values-based capitalism' needs quid pro quo for business
For banks and super to support a social impact fund the Treasurer must ensure the private sector can still meet its purpose, say tax specialists.
Source: accountantsdaily.com.au