December 2022

There were some key tax changes in 2022, here is a brief list: a) Professional Firm Profit Allocations – PCG 2021/4 Allocation of professional firm profits – ATO compliance approach, which applies from 1 July 2022. b) Trust Distributions and Anti-avoidance – Taxation Ruling TR 2022/4 Income tax: section 100A reimbursement agreements. TA 2022/1 Read more…