COVID-19 and tax depreciation reports Where a physical inspection of premises is not performed, this increases the risk of deductions being missed or errors being made. Property investors and businesses Read More…
May’s Federal Budget has been postponed but it’s still tax time. We hope that you’re well and starting to develop strategies for your business to emerge from the COVID-19 coronavirus Read More…
Vacant land measure limit deductibility A new ‘vacant land’ measure limits the deductibility of costs incurred on or after 1 July 2019 (i.e. from the 2020 income year) that relate Read More…
Employer’s requirements and the deductibility of WREs Some employees may wonder whether a work-related expense (WRE) becomes deductible merely because their employer specifically requires the employee to incur the expense. Read More…
Court confirms ATO’s position on foreign income tax offsets The ATO has welcomed the decision of the High Court to basically uphold the decision of the Full Federal Court in Read More…