Tax

Agreement rule is ‘100A Achille’s heel’

A trust entitlement has to arise from a prior reimbursement agreement for the tax avoidance measure to apply, says a...

27 June 2022 • By Philip King

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Tax

‘Confusion’ reigns over 100A as year counts down

Fundamental problems with the ATO’s approach to trusts mean its recent guide will be useless for most accountants,...

24 June 2022 • By Philip King

Regulation

ATO takes aim at ‘reckless’ claims of legal privilege

Final protocol developed to prevent “inappropriate” withholding of evidence, the office says.

24 June 2022 • By Philip King

Appointments

Armstrong Dawson merges with SW

The Sydney-based firm joins SW Accountants & Advisors private client division.

24 June 2022 • By Philip King

Tax

Avoid wrong moves with rental property, urges ATO

The office says agents should be on alert for three common taxpayer errors.

24 June 2022 • By Philip King

Technology

Tax season turns accountants into ‘prime cyber-attack targets’

Practices need to protect themselves because they are dealing with huge quantities of sensitive data, says Akamai.

23 June 2022 • By Josh Needs

Tax

Tax Institute sends Labor a lengthy to-do list

The independent body identifies outstanding measures that should be priorities for Canberra.

23 June 2022 • By Philip King

Tax

Careful with those crypto losses, Tax Office warns

Most digital currency buyers and sellers will fail to qualify as businesses and fall under CGT rules.

23 June 2022 • By Philip King

Tax

ATO urges small business to ‘nail’ its tax

A comprehensive toolkit gives a run-down on expenses and deductions.

23 June 2022 • By Josh Needs

Business

State budgets give and take on payroll tax

NSW ends pandemic holiday, Queensland helps small business but adds health levy.

22 June 2022 • By Josh Needs

Regulation

Squirrel Super fined $55k for false property claims

Federal Court finds financial services company distributed thousands of misleading brochures.

21 June 2022 • By Philip King

Tax

ATO’s 100A tax time guide meets cautious welcome

The update is “helpful” and “clearer” but uncertainty remains, say accountants and professional bodies.

22 June 2022 • By Philip King

Tax

NSW property tax reform to cost $729m

The state budget gives first home buyers the chance to avoid upfront stamp duty.

22 June 2022 • By Josh Needs

Tax

Tax time guide offers path through 100A

ATO update on trust distributions outlines key features of low and high-risk arrangements.

21 June 2022 • By Philip King

Tax

ATO interest charges outpace RBA rate rises

Annual rates for GIC and SIC rise by almost a percentage point.

21 June 2022 • By Josh Needs

Tax

80¢-an-hour WFH shortcut ends in July

Accountants should alert clients of the need to keep receipts to claim using other methods, says IPA.

21 June 2022 • By Philip King

Regulation

Fast-food operator fined $204k for falsifying payslips

Court finds breaches of Fair Work Act and worker underpayments of almost $60,000.

21 June 2022 • By Josh Needs

Regulation

Two businesses face fines for short-changing workers

The FWO seeks thousands in penalties and back pay.

20 June 2022 • By Josh Needs