by wladvisory | Jun 17, 2020 | Monthly Tax Updates
This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right amount of tax for the 2019-20 year and maximise any refund entitlement. This is still, if not more so, the case in the current... 
by wladvisory | May 27, 2020 | Monthly Tax Updates
What are the remedies for an employer where the employee unwilling to work additional hours equivalent to the $1,500 per JobKeeper fortnight?The employer can request that the employee work additional hours but cannot enforce it. Additionally, the employer has all the... 
by wladvisory | May 8, 2020 | Monthly Tax Updates
To compensate for travel expenses when employees sleep away from home for work purposes, an allowance is often paid by their employer to cover meal, accomodation, and incidental expenses. It is important to distinguish if this allowance constitutes a travel allowance... 
by wladvisory | Feb 26, 2020 | Monthly Tax Updates
A draft ruling has been issued (TR 2019/D7) that is yet to pass Parliament, which sets out when an employee can deduct transport expenses under section 8-1. This includes the cost of travel by airline, train, taxi, car, bus, boat or other vehicle. It is generally the... 
by wladvisory | Feb 6, 2020 | Monthly Tax Updates
Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many practitioners and ordinary self-preparers won’t give it a second thought when tax return software responds with an “invalid” when a TFN is entered. The common thought... 
by wladvisory | Jan 28, 2020 | Monthly Tax Updates
Law Companion Ruling LCR 2019/5 deals with the passive income threshold and other issues within the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Act 2018 that limits access to the lower corporate tax rate. From the 2017-18...