From 1 July 2021 employees, sole traders or contractors that pay for a COVID-19 test for a work-related purpose, can claim a deduction.

This measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.

Many employers are looking to bring a little bit of cheer to their employees this Christmas. Here's how not to let tax spoil the party.

The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.