Explanatory commentary and examples needed for clarity for part-year tax residents and early lodgers for the ATO’s draft law ruling on the standard deduction for work-related expenses, one accounting body says.
TAX • By Carlos Tse
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The mid-tier firm has confirmed that it will make a “small number” of executive assistant layoffs, while establishing a partnership with a Philippine labour vendor to potentially offshore some of these roles.
PROFESSION • By Carlos Tse
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Restricting access to the refundable offset to the first 10 years of an entity carrying on an enterprise does not account for the time some companies take to reach profitability, one industry body has argued.
PROFESSION • By Malavika Santhebennur
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