July 2021 Tax Round Up - new guidance on tax treatment of software

Who thought accounting would be one of the most exciting and dynamic careers when they started their degree? With the continuing lockdowns across the country, the rollout of financial support measures, and the rapid rate of regulatory change, we’re in demand more than ever.

Members, download the full July 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 for accountants and advisers:

• The evolving tax treatment of COVID-19 support payments to business and individuals
• The updated guidance from the ATO on the tax treatment of software – as a guide on the website and in TR 2021/D4.
• Implications of the taxable payments reporting system capturing sharing economy platforms from 1 July 2022.