May 2022 Round Up - Tax Time 2022 priorities

Where to from here post election? We look at the impact of the election on the Budget initiatives and impending tax change. 

And, after an ‘interesting’ few years for business - floods, fire, COVID-19 - we look at how the ATO is making it easier to utilise business losses.

Plus, heading into the new tax season, the ATO has released its 2022 guidance. We take you through the important bits.

Members, download the full May 2022 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.

Inside this month Michael Carruthers (Tax Director),Matthew Tse (Tax Adviser), and Lisa Armstrong (Managing Director) bring you:

• What now post-election. We explore where the announced Budget initiatives are up to, what happens now to those not enacted, and what's on the horizon.  
• Utilising losses. How the ATO is making it easier to utilise losses. We explore PCG 2022/D2 and the safe harbour rules.
• Tax time 2022 priorities - what's changed, the hot spots, and highlights of the 2022 tax time guidance from the ATO 

Change is a constant for the profession. The Knowledge Shop membership can help you and your team keep ahead of change with an advisers' help desk, workpaper knowledge base, quarterly PD, and more - wherever you are and however you are working. Book in a time for a tour or call the team  on 1300 378 950.