Patane Accounting Pty Ltd is a CPA Practice

P. (08) 9721 1055 | F. (08) 9721 1033 | | 31 Victoria Street BUNBURY WA 6230

Personalised service & advice you can count on!

CPA tax news

The latest CPA tax news;


ATO to split cost of managing tax affairs label

In response to feedback and recommendations from the profession, the ATO has announced that it will split deduction label D10 – cost of managing tax affairs on the individual’s income tax return from 2018.

To improve transparency around deductions being claimed, the ATO will split label D10 into three sub-components:

  • cost of managing tax affairs
  • deductible ATO interest charges
  • litigation costs.

Label D10 currently aggregates a number of items including deductible amounts of ATO interest charges and litigation costs.  The ATO also plans to rename label D10 with a new title to better describe the collective nature of its three sub-components. These changes will apply for 2018 and beyond and to complement this change, the ATO will also add a new category to the other income label (24) to capture assessable amounts of ATO interest charges.

You can visit the ATO website or contact our office on 97211 055 for more information.


Click for past CPA tax news.

Free business consultation

(to be confirmed prior to meeting)

Sometimes the only way to understand a person’s business or financial situation is by meeting face-to-face.

All new clients or people looking to speak with an accounting professional are offered an initial consultation with the first hour at no charge.

If you have some concerns and wish to take advantage of a confidential personal discussion simply call 08 9721 1055 to arrange a meeting.

Book Your Free business consultation

  • This field is for validation purposes and should be left unchanged.
  • Keep updated with new ATO Alerts