Blog Masonry Boxed

If you’ve lost your tax file number (TFN) there are a few options for you to try to get it back.

This tax time, the ATO, as usual, has nominated some tax claim hot spots that it will be paying attention to.

A new ruling has been released by the ATO on the deductibility or otherwise of penalty interest. Ruling TR 2019/2 replaces an earlier ruling on the same topic that has since been withdrawn (TR 93/7W), and spells out the circumstances when penalty interest is generally deductible and the situations where this is not the case.