Overtime Meal Expenses Disallowed Because No Allowance Received
A taxpayer has failed in claiming deductions for overtime meal expenses before the Administrative Appeals [...]
Tax Risk Management And Governance Review Guide Released
The ATO has released a tax risk management and governance review guide to help businesses [...]
Depreciating Assets: Composite Items
Draft Taxation Ruling TR 2017/D1 sets out the Commissioner of Taxation’s views on how to [...]
Personal Services Income Diverted To SMSFs: ATO Extends Offer
Since April 2016, the ATO has been reviewing arrangements where individuals divert personal services income [...]
Intangible Capital Improvements Made To A Pre-CGT Asset
The ATO has issued Taxation Determination TD 2017/1. It provides that for the purposes of the [...]
ATO Warning: Research And Development Claims In Building And Construction Industry
The ATO and the Department of Industry, Innovation and Science have released Taxpayer Alert TA [...]
Re-characterisation Of Income From Trading Businesses
The ATO has released Taxpayer Alert TA 2017/1 to say it is reviewing arrangements that [...]
Taxpayer Failed To Prove That Payments Were “Loans”
In a recent case, the Full Federal Court has found that several taxpayer companies had [...]
Taxation Ruling On Commercial Website Deductibility
A new taxation ruling from the ATO sets out the tax deductibility of expenditure incurred [...]
Taxation Determination On Deductions For Bad Debts: Trust Beneficiaries And UPEs
In a new tax determination, the ATO states that a beneficiary is not entitled to [...]