by Shared by AccountantsDaily | Dec 7, 2020 | News
The Administrative Appeals Tribunal had last month confirmed that taxpayer Cameron Lambourne, an electronics technician with the Australian Navy, was not entitled to over $10,000 in work-related deductions. Read more at the AccountantsDaily.
by Slye Joy | Dec 6, 2020 | News
In October, the federal government announced an additional $2 billion investment into R&D incentives in the 2020–21 budget. Further, it also said it would remove the $4 million cap on annual cash refunds and instead lift the rate. According to the rules, for small...
by Shared by AccountantsDaily | Dec 6, 2020 | News
The Senate unanimously agreed on Thursday to discharge the Currency (Restrictions on the Use of Cash) Bill 2019 that had been touted to tackle black economy behaviour and tax evasion by banning businesses from making large transactions in cash. Read more at the...
by Shared by SMSF Adviser | Dec 6, 2020 | News
On 3 December 2020, Mr Mudasir Mohammed Naseeruddin appeared in the Melbourne Magistrates’ Court and was charged with seven counts of dishonest conduct, ASIC said in a public statement. Read more at SMSF Adviser.
by Slye Joy | Dec 3, 2020 | News
Speaking to the media, Mr Frydenberg conceded that some businesses won’t survive the changes and that some jobs won’t be able to be saved. However, he remained confident that the unemployment rate will continue to track downwards and that other forms of economic...
