Blog Masonry Boxed

Lost your tax file number? Here’s what to do

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

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ATO expects many laundry claims will be hung out to dry

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

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Interest deductibility

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 Ruling TR 2019/2 replaces an earlier ruling on the same topic that has since been withdrawn (TR 93/7W), and spells out the circumstances when penalty interest is generally deductible and the situations where this is not the case.

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