Mr Jordan reflected on his 11-year tenure and was also asked about the thousands of Australians that have been advised they have old tax debts – ranging from a few cents to thousands of dollars – that could be taken from their future refunds after they lodge their tax returns. He said ...
Work-from-home tax deduction claimswill be a particular focus of the ATO. The ATO has recently announced it has “refreshed” the way taxpayers claim deductions for costs incurred when working from home to “better reflect” contemporary working-from-home arrangements. The ‘fixed ra...
It is interesting that the LNIA claimed that the lending affiliate could redeem the intercompany loan on demand even though it also made the claim that the floating rate arrangement was a ten-year agreement. Refinancing in third-party arrangements exists but they are often the option of the bor...