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February 2021 Tax Round Up - New travel, accommodation & meal expense rulings

by Knowledge Shop Editor, on 26/02/21 11:44

The ATO have been busy with new guidance on travel, accommodation and meal expenses.

Members, download the full February 2021 Tax Round Up (login first) from the member-only website. To see what Knowledge Shop membership offers, call the team on 1800 800 232 or take an online tour.

 

Join Michael Carruthers (Tax Director, Knowledge Shop), Matthew Tse (Tax Adviser, Knowledge Sop) and Lisa Armstrong (MD, Knowledge Shop), for just the juicy bits of change for accountants and advisers:

  • Travel, accommodation and meal expense guidance - TR 2021/1 updates TR 2019/D7 for employee transport costs. And, for deductions for accommodation and meal expenses, a new PCG and draft ruling have been released. We explain the implications.
  • The Single Touch Payroll deadline changes and options for small employers with closely held employees.
  • The AAT's confirmation of the Tax Practitioners Board decision to terminate the registration of a tax agent for over claiming work related deductions. What S&T Income Tax Aid Specialists Pty Ltd Trading as Alpha Tax Aid and Tax Practitioners Board [2021] AATA 161, tells us.

 

Topics:Tax Round Up

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