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What is the Company Tax Rate? Last answer I promise…

I don’t feel like a pathetic tax advisor any more. You see, for the past 10 months I have not been able to answer the question “What is the company tax rate?” I know I find the answer in the Tax Rates Act. And I know the Tax Rates Act tells me that: From 1 […]

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Work and Travel Deductions

Given that I have criticised for my recent comments on tax agent prepared returns making inappropriate claims for work related deductions, I decided to put a paper together on the work related deduction rules to help tax agents. I hope this paper is informative and helpful. Work and travel deductions

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Tax Agents Turning a Blind Eye…

We know that the Commissioner has released some pretty crazy findings that Tax Agent prepared returns are more likely to incorrectly claim work related deductions than self prepared returns. From the Commissioner’s review of the tax gap for individuals not in business he found the following: Tax agents get it wrong 78% of the time […]