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The devil is in the detail : What to remember when combining contribution splitting and reserving strategies

The devil is in the detail : What to remember when combining contribution splitting and reserving strategies
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Tax administration lessons learnt from COVID-19 (and promptly forgotten) - Tax

To print this article, all you need is to be registered or login on Mondaq.com. Although most of us will remember 2020 as a year of enormous disruption and difficulties, it likely represents the zenith of tax administration in Australia. Driven by Treasury s JobKeeper and Cashflow Boost programmes, the ATO pivoted in a way never seen before in an organisation of over 20,000 employees. In a surprising, but necessary, decision the Commonwealth government tasked the ATO with supporting nearly one million businesses and three million employees. In the first iteration of JobKeeper alone, the ATO handed out nearly $9 billion in payments

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