work-related expenses

January 11, 2021

Published by MC Tax Advisors at January 11, 2021

Tax Bulletin – December 2020 and What to Expect in 2021

The end of 2020 provided the first AAT decision in regard to eligibility for JobKeeper, ruling in favour of the taxpayer. As we move into 2021, we expect further decisions in this area, together with long-awaited guidance from the ATO on reimbursement agreements and profit-splitting for professional firms. DECEMBER 2020 TAX UPDATE Apted v CofT —Late ABN application accepted for […]

November 30, 2020

Published by MC Tax Advisors at November 30, 2020

Tax Bulletin – November 2020

The Government has announced a welcome change to the temporary full expensing rules, and Victoria has released the State Budget. Meanwhile, the AAT has handed down a concerning decision relating to work-related expenses in Lambourne. FEDERAL BUDGET UPDATE Changes to Temporary Full Expensing The Government has announced that it will be making the following changes to the temporary full expensing measures: […]