The extra steps clients will need to take to utilise or opt out of the new temporary full expensing and loss carry back measures.
This Tax Round up covers the announcements and issues important to accountants and advisors for April 2021.
Read the full tax round up here.
Inside this month:
- The latest ATO guidance on the extra steps clients will need to take to utilise or opt-out of the new temporary full expensing and loss carry back measures.
- Two new exposure drafts released to enact 2020-21 Budget measures:
- Targeted CGT relief for granny flat arrangements; and
- FBT exemption for employers retraining and reskilling redundant employees.
The new guidance from the Tax Practitioners Board (TPB(PN) 4/2021) on client TFNs in emails and how you need to respond.
It’s important to talk to your accountant to make sure you get it right. Please call us now on 03 9836 2900 or email us at info@kidmanspartners.com.au.