February Newsletter 2023
client alert tax news | views | clues Non-deductible threshold removed for self education expenses Self education expenses are generally tax-deductible for individuals if there’s a sufficient connection with your income-producing activities.However, until new legislation was recently passed, the amount you could deduct was limited by s 82A of the Income Tax Assessment Act 1936 so … Continued
Read moreDecember 2022/January 2023 Newsletter
client alert tax news | views | clues Looming changes for the “buy now, pay later” market In a bid to protect consumers, the Federal Government has released a consultation paper seeking views on options to regulate the “buy now, pay later” (BNPL) market. Currently the BNPL space is unregulated in Australia and thus not … Continued
Read moreOctober Newsletter 2022
client alert tax news | views | clues Bonus deduction for employee training proposal As a part of its strategy to address the current skills shortage and future-proof Australia’s workforce by building better trained and more productive workers, the Federal Government has proposed to implement a temporary “skills and training boost” initiative. This initiative proposes … Continued
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