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Adjusted taxable income: An explainer in case a client asks

  If your clients have ever or will ever apply for certain tax offsets or concessions or a government benefit of some kind, they may very well be asked to provide their “adjusted taxable income” (ATI). ATI is used to assess eligibility for certain offsets and other entitlements (typically items T4, T5 and T6 but

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Dues dates – June 2019

5 June Lodge tax return for all entities with a lodgment due date of 15 May 2019 if the tax return is not required earlier and both of the following criteria are met: non-taxable or a credit assessment in latest year lodged non–taxable or receiving a credit assessment in the current year. Note: This includes companies

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ATO completed issues – to end May 2019

Business continuity text – carrying on a similar business Purpose To provide guidance on how the new ‘similar business test’ introduced by the Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Act 2019 will apply in practice. Outcome LCR 2019/1 published on 22 May 2019. What constitutes ‘use’ for the purposes of section 40-80 of

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