ATO

Substantiation exception for travel allowance claims: What needs to change

One of the issues that Tax & Super Australia finds frequently raised by members is the tax treatment of work related travel expenses, as well as the reliance on the “reasonable amounts” prescribed by the Commissioner. Substantiation exception for travel allowance claims: What needs to change Last month we put out a “call to arms”

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Contrived trust income arrangements “not on”, says ATO

The ATO’s “trusts taskforce” has uncovered a class of arrangements that it says appears to be designed to “exploit the proportionate approach to trust taxation”. Therefore a taxpayer alert has been issued by the ATO that warns closely held trust trustees against engineering a reduction in trust income to improperly gain access to favourable tax

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The tips (and traps) of tax when winding up a business

When your client first went into business, either buying an established enterprise or starting from scratch, probably the last thing on their mind was the day they would close the door for the last time. The tips (and traps) of tax when winding up a business But it’s no use ignoring the inevitable, as one

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Cloud computing, and navigating your business’s risk

Agreements between users of cloud computing services are as variable as the businesses involved, which has led the government to the realisation that the ongoing adoption of cloud-based business solutions has brought with it a need for a whole-of-government approach to the issues that can surface. The government’s Information Management Office (IMO) defines cloud computing

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Potholes exposed in the road to tax deductions

Jay Huang unearths some “ATO high risk” expenses that typically incorrectly claimed. Potholes exposed in the road to tax deductions Travel between home and work is generally considered as private, and accordingly the expense is not deductible. However, in some circumstances, travel expenses are claimable. This has been a hot focus area for the ATO.

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