ATO develops work-related expenses risk profiles - The ATO has developed work-related expenses risk profiles to help it identify how work-related expense deduction amounts compare for similar taxpayers.
Onus on taxpayers to show no fraud or evasion - The Full Federal Court has confirmed that a taxpayer bears the onus of proving the absence of fraud or evasion where the Commissioner has issued an assessment “out of time” on the basis of “fraud or evasion”.
Admin penalties of 75% for failing to lodge FBT returns - The AAT has confirmed that 75% administrative penalties were rightfully imposed on several companies that failed to lodge FBT returns over a four-year period..
Taxation ruling on commercial website deductibility - In TR 2016/3, the ATO sets out the tax deductibility of expenditure to set up and maintain a business website.
Taxation determination on deductions for bad debts - The ATO has issued TD 2016/19 stating that a trust beneficiary is not entitled to a deduction for an unpaid present entitlement that they purport to write off as a bad debt.