Tax changes, cash payments and the weirdest tax deductions revealed

Welcome to the August issue of Your Knowledge, where we are covering all of this and more! The top story this month looks into the low and middle income tax offset (LMITO) and the confusion surrounding these changes. It also covers the new restrictions to businesses accepting cash payments, the differences between Uber and traditional taxis in relation to FBT legislation, new requirements for Australian pensioners living overseas, how compensation from financial institutions is treated for tax purposes, and some of the weirdest tax deductions the ATO saw in 2018-19.

As always, if you have any questions feel free to give us a call at the office!  

17 views0 comments
Follow Us
  • White Facebook Icon
  • White LinkedIn Icon
  • White Instagram Icon
Contact Us

Suite 9, 1020 Doncaster Rd,

Doncaster East  VIC  3109

© 2021 by More Than Tax / ABN 30 779 828 033 / Website build by More Than Your Brand