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The new income tests: A complex web

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Published on 01 Sep 10 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

From 1 July 2009, considerable changes have occurred to income tests administered by the ATO and are likely to reduce tax offset entitlement and increase tax liability. The introduction of the adjusted taxable income concept in association with changes to existing income tests bring additional complexity to determining a taxpayer's net tax position. The changes require more compliance activity and increase the need to do tax planning for smaller clients.

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Thomas Delany CTA
Tom Delany, CTA, is the principal of Tax Partner Pty Ltd, which provides tax training, and tax consultancy services to accounting and legal firms including a wide range of tax advisory services such as high-level tax planning in addition to preparing tax advices, private ruling requests and objections on a variety of tax related topics. Tom holds a Master of Taxation from the University of New South Wales, a Bachelor of Business (with Distinction) from the University of Southern Queensland, is a FCA, FIPA, Tax Agent, Chartered Tax Adviser and recipient of the 2019 SME Tax Adviser of the Year Award. - Current at 20 March 2023
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