Category Archives: Uncategorized

Removing the Hassle of a Shoebox Full of Receipts

Australian taxpayers will be able to claim a $500 standard income tax deduction, without receipts, instead of going to the hassle of using receipts to claim work-related expenses and the cost of managing their tax affairs. Assistant Treasurer Bill Shorten … Continue reading

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Director penalty notices – part 2

This is the second of a series of videos prepared by Insolvency Experts Director penalty notices are notices that the Australian Taxation Office may send to directors of a company that has unpaid PAYG Withholding. The notice serves to make … Continue reading

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Proposed re-write of trust tax laws

The Assistant Treasurer, The Hon. Bill Shorten, has announced a public consultation process as the first step towards updating the trust income tax provisions in Division 6 of Pt III of the Income Tax Assessment Act 1936 and rewriting them … Continue reading

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