Personal Tax Return Tips
| | | The ATO has advised it will acquire Medicare Exemption Statement (‘MES’) data relating to approximately 100,000 individuals from Services Australia for the 2021 financial year through to the 2023 financial year inclusively, and compare it with claims made by taxpayers on their tax returns. DO YOU NEED HELP WITH THIS MEDICARE DATA? […]
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| | | The High Court has held that the ‘working holiday maker tax’ (also known as the ‘backpackers tax’) did not apply to a taxpayer on a working holiday visa from the United Kingdom who was also an Australian tax resident, due to the application of the Double Tax Agreement between Australia and the […]
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| | | The ATO’s government data matching for payments will acquire government payments data from government entities who administer government programs for 2017/18 to 2022/23 financial years. The data items include: service provider identification details (names, addresses, phone numbers, email, dates of birth, service type, ABN, ACN); and payment details (service provider ID, name […]
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| | | The Paid Parental Leave (‘PPL’) scheme has been amended to enable expectant parents whose work has been affected by COVID-19 lockdowns to access Parental Leave Pay or Dad and Partner Pay under the scheme. Many people who would otherwise have qualified for PPL, may no longer meet the ‘work test’ condition to […]
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| | | The ATO has released a Ruling explaining: when an employee can deduct accommodation and food and drink expenses when travelling on work; the FBT implications, including the application of the ‘otherwise deductible rule’, where an employee is reimbursed for accommodation and food and drink expenses, or where the employer provides or […]
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| | | The ALP has formally announced that, if elected to Government, they will deliver “the same legislated tax relief . . . as the Morrison Government”. This means they have committed to upholding the legislated changes to personal income taxes and will also maintain the existing regimes for negative gearing and capital […]
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