November Newsletter Published 11.11.2020

November 2020 Issue Covered

• What the “full expensing” write-off deduction means for business
  – Some existing conditions remain
  – Meeting the required conditions
  – Anti-avoidance provision
• Both tax and SMSF audits on still on ATO’s radar, but some leniency given
  – No penalties for asset valuations if insufficient evidence
  – Other considerations
• ATO’s cyber safety checklist
  
• The investment option that can hide unexpected GST
• Rounding of GST where fractions of a cent result
• JobKeeper extension’s alternative turnover tests

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