March 16, 2023 | MGI Parkinson

Working from Home Expenses – PCG 2023/1

On 16 February 2023, the ATO issued Practical Compliance Guideline PCG 2023/1 in relation to deductions for working-from-home related expenditure. The PCG is applicable from 1 July 2022. Prior to 1 July 2022, a client had the choice of using either the shortcut method, fixed-rate method or actual expenses incurred for working-from-home expenses. From 1 […]

Managing Risks in the Allocation of Professional Services Firm Profits

The ATO are again taking aim at how Professional Services Firms allocate their profits to the owners with the announcement late last year that they will start contacting Professional Service Firms to “assist” them in managing those risks. You might recall that in December 2021 the ATO issued PCG 2021/4 outlining the ATO’s compliance approach […]

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