Insights

Dan's Deliberations Dan is on leave so there’s no Dan’s Deliberations this week. Dan’s Deliberations will be back next week. ATO Update Practice Statement Law Administration PS LA 2021/1 – Application of the promoter penalty laws The ATO has issued Practice Statement...

Dan's Deliberations The decision of the Federal Court (Justice Logan) in Le v FCT [2021] FCA 303 (summarised below) provides a detailed explanation of what a taxpayer needs to do to win where the ATO has used an ‘asset betterment’ approach to assess the taxpayer. The...

Dan's Deliberations We have a new section to the Birchstone Brief this week – Dan’s Deliberations – insights from our Founding Director, Daniel Taborsky, on one of the developments contained in the Brief. We hope you enjoy. The decision of the Full Federal Court in...

ATO Update JobKeeper voluntary repayments: ATO worksheet The ATO has released guidance on the tax consequences for businesses that voluntarily repay JobKeeper payments. The worksheet outlines that JobKeeper payments that are voluntarily repaid must still be included...

Upcoming Events Over my Dead Body Seminar On 25 March 2020, Birchstone Tax Law will be running an estate planning seminar. To find out more details and to purchase tickets, click here.ATO Update Draft Taxation Ruling TR 2021/D2 - Personal services income and personal...

Upcoming Events All in a Day’s Work: Employee Share Schemes Webinar Tomorrow at 11am AWST, Birchstone Tax Law will be co-hosting a free webinar on employee share schemes. To find out more details and register, click here. If you can’t make it, register and we’ll send...

ATO Updates Taxation Determination TD 2021/2 – Small business CGT concessions The ATO has released Taxation Determination TD 2021/2 which outlines the application of Taxation Ruling TR 2019/1 to the small business CGT concessions contained in Division 152 of...

ATO Updates Taxation Ruling 2021/1 - Deductions allowed for employee transport expenses The ATO has released Taxation Ruling 2021/1 which sets out when an employee can deduct transport expenses under s 8-1 of the Income Tax Assessment Act 1997 (Cth). The...

ATO Updates Practical Compliance Guideline PCG 2021/2 – Calculating fuel tax credits for heavy vehicles The ATO has released Practical Compliance Guideline PCG 2021/2 which provides a simplified apportionment method for calculating fuel tax credits for diesel acquired...