Fewer niggly little tax changes in #Budget2020 than in many past years. Government focused on the big picture. Nice to see! #auspol

#FBT on #carparks removed for businesses <$50m turnover. FBT record keeping reduced. A good start to reforming an inefficient tax. But much more is needed. #Budget2020 #auspol

#Charities beware - the #ACNC is being funded to conduct reviews of your compliance with governance standards. Time to check how you shape up. #Budget2020 #auspol

Corporate #taxresidency mess to finally be cleaned up by government in #Budget2020. Spare a thought for businesses that have been through audits with the ATO for the last three years - so much wasted time and money. #auspol

Super proud of the #team here at BDO that pulled this #Budget2020 report together between last night and early this morning. Great work!

New addition to my Twitter bio Rebecca Levingston: "Far too much personality to be a tax professional" 😅😂 #taxreform #auspol #personalityplus

Ok Consitutional Law nerds - can anyone tell me why the government saw fit to insert section 21 into the Coronavirus Payments Act, setting out the constitutional 'vibe' supporting the law? Shades of The Castle? #auspol #tax parlinfo.aph.gov.au/parlInfo/searc…

Also, OECD Economics report says #Australia's two-tiered corporate tax system is distorting. Aligning the rates at 25% would make the #tax system simpler, and #Australia more competitive. Super profits tax on some companies would add complexity. afr.com/policy/tax-and…

Unflagged tax change in #Budget2021 to introduce 17% tax rate patent box regime. Very good for medical device makers and biotechs - as long are they are making profits.

Business will be pleased with #Budget2021 full expensing and loss carry back rules extension to 2023.

Interesting that NZ sporting teams located in Australia through Covid get special treatment in #Budget2021, but not business executives. Sports tragics unite!

Not for profits need to be aware of changes from #Budget2021 - will soon have to report to the ATO every year.

Treasurer's instructions for #Budget2021 were clearly go hard or go home - lots of government support in the economy.

And still ato.gov.au has not extended the short cut method for working from home deductions into this tax year. One has to ask why not? #auspol #tax #deductions

This is what we (#tax nerds) have been saying, and governments of all persuasions have mostly been ignoring, for at least 10 years. Who will be brave enough to make the needed changes? BDO Australia Jane Ward #taxreform #ausgov #smallbiz #ausbiz #auspol afr.com/policy/economy…

. BDO Australia resident @taxnerd_BDO says caution is req'd when assessing the #PandoraPapers. Two issues are often confused – transparency about the ownership of Oz assets by non-residents, and disclosure by Oz residents of assets held overseas. #auspol smh.com.au/business/banki…

#Budget2022 is bread for the masses, investment in infrastructure, and little else. 'Sticking with the plan' involves no #taxreform #auspol

Big brother will be inside your business by 2024 - looking at your financial data to streamline reporting. Drives efficiency, but there are fewer places to hide #auspol #Budget2022 #taxreform

Little known fact: 16 & 17 year olds can provisionally enrol, so they are automatically on the roll when they turn 18. Eldest kiddo’s school just gave yr12s the form in their ‘exit prep’ class. See the excellent AEC ✏️ website and get involved!

Totally off brand for me - I'm raising money for mental health by doing exercise, of all things. You only get to laugh at me if you donate! thepushupchallenge.com.au/fundraiser/mar…