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Recognising that COVID-19 and recent natural disasters have greatly impacted residential property owners, placing them in unforeseen circumstances, the ATO has identified deduction hotspots ahead of tax time 2020.
Given that over 2.2 million Aussies claimed just under $50 billion in rental deductions in 2017–2019, the Tax Office has flagged potential misperceptions, detailing deductions that are and are not available under the law.
Read more at MyBusiness.
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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Treasurer Jim Chalmers will say lower commodity prices and a softening labour market mean this year’s revenue upgrade...
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Men continue to outstrip women in the salary stakes, with men’s median annual salary $11,542 greater than women’s,...
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