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WEBAccountants Daily delivers daily breaking news, analysis and insight to Australian accounting professionals.
ATO releases revised WFH expense claims guidance
WEBNov 2, 2022 · “This means you cannot claim an additional separate deduction for any of these expenses. For example, if you use your mobile phone when you are working from home and when you are working from somewhere other than your home, your total deduction for mobile phone expenses for the income year will be covered by the hourly rate of 67c per hour,” the ATO said.
ATO signals good-faith approach to tax agent deferrals
WEBBeyond online lodgement programs, the ATO has also extended various other support programs, including help for tax agents and their clients suffering serious hardship or adverse circumstances — spanning financial difficulty, serious illness and family tragedy — as well as mental health support, a complex issue resolution service, and a …
ATO offers lodgement deadline support | Accountants Daily
WEBMay 17, 2021 · The Tax Office on Friday announced that tax practitioners still affected by the impacts of COVID-19 can now request for help through a dedicated phone line linked to the tax agent lodgement program fast key code.
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WEBNews and intelligence for Australian Accountants, focusing specifically on issues and industry developments of significance to the accounting profession
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WEBNews and intelligence for Australian Accountants, focusing specifically on issues and industry developments of significance to the accounting profession
Main residence exemption myths and misconceptions
WEBWhen it comes to taxation, the family home is sacred. It is often the largest asset a taxpayer will own, and we all know that the family home is exempt from capital gains tax (CGT).This perception has caused many governments to remain gun shy about making changes that would lessen the generous concession available to homeowners; the main residence exemption (MRE).
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WEBThe latest news focusing specifically on issues and industry developments that are of significance to the accounting profession.
Single Touch Payroll — closely held payees | Accountants Daily
WEBJun 28, 2021 · An exemption that relieved small employers (those with 19 or fewer employees) from having to report payments made to closely held payees through Single Touch Payroll (STP) expires on 30 June 2021.This means that, from 1 July 2021, small employers will need to start reporting their closely held payees through STP.
ATO upgrades to ‘simpler, better’ lodgment deferral system
WEBThe ATO has launched a “better” lodgment deferral system that obviates the need to complete multiple spreadsheets and will soon become the single point of entry for all requests.