Business

Business

ATO to crack down on Amazon, eBay sellers’ tax affairs

The Tax Office will receive details of accounts that make over $12,000 a year to identify hobbyists-turned-businesses...

11 July 2024 • By Christine Chen

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Business

ATO hands NFPs 5-month extension to lodge self-reviews

The Tax Office has extended the October deadline to March 2025 amid concerns over the sector’s ability to meet the new...

09 July 2024 • By Christine Chen

Business

ATO teams up with private sector in anti-scam fight

The Tax Office has become the first government agency to join the Australian Financial Crimes Exchange.

08 July 2024 • By Christine Chen

Business

Passage of payment times bill ‘a big win’ for small business

The passage of reforms to the payment times reporting framework is a welcome development for small business suffering...

04 July 2024 • By Miranda Brownlee

Business

Some certainty on the small business instant asset write-off

Small businesses can now claim the $20,000 instant asset write-off for 2023–24 with certainty.

04 July 2024 • By Robyn Jacobson, The Tax Institute

Business

Senate agrees to amendments to payment times bill

The amendments will see the regulator publish a list of fast small business payers as part of changes to the payment...

04 July 2024 • By Miranda Brownlee

Business

ATO portal’s 24-hour malfunction vexes tax agents

The disruption to online services used by practitioners on Monday coincided with reports of taxpayers waiting hours to...

03 July 2024 • By Christine Chen

Business

125% foreign student visa fee hike to worsen accountant shortage

The move to ramp fees up has been labelled as “outrageous” and akin to Australia “shooting itself in the foot”.

02 July 2024 • By Christine Chen