Assuming last is required, the following 4077 results were found.

  1. Portals continue shaky run into tax time

    is a priority for the ATO ahead of tax time this year, and this combined with the widespread system failure in December last year has seen the delay of its new service for tax professionals, ATO Online. “All IT projects under development to improve tax...

  2. Popular tax deductions scrapped for property investors

    Clients with negative gearing arrangements in place are set to lose out on a popular deduction following last night’s federal budget. From 1 July 2017, the government plans to “improve the integrity of negative gearing” by disallowing deductions for...

  3. Popular property strategy hits tough times

    billion, of new home loan approvals, according to the latest data from APRA. This represents a 54.9 per cent dive in the last quarter. Interest-only loans are often encouraged as a way to maximise cash flow when building a property portfolio, as opposed...

  4. Popular deduction set for rate rise

    cents per kilometre deduction rate for motor vehicle expenses to 72 cents for the income year starting 1 July 2020. The rate last changed in 2018, which saw the rate rise to 68 cents. The cents per kilometre method currently allows taxpayers to claim up...

  5. Popular deduction in ATO’s firing line after 20% spike

    to quash "automatic entitlement" claims. According to the tax office, clothing claims have risen by 20 per cent over the last five years, with 6 million people claiming nearly $1.8 billion in laundry expenses last year. “While many of these claims will...

  6. Popular $20k tax break fails to move needle on SME cost pressures

    businesses, but one in two respondents want more support. The instant asset write-off scheme was the most popular measure in last year’s budget but small businesses say the government needs to do more to ease costs this year, according to a recent...

  7. Poor financial management costing SMEs 'big bucks'

    Research has revealed that around 10 per cent of SMEs lost money last year as a result of poor financial management. Many businesses make entirely avoidable mistakes that cost them "big bucks", according to Clive Barrett, executive chairman of...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax
  8. Poll hints at adviser exodus, accountants urged to pounce

    advice to retail consumers is covered by this new legislation,” said Mr Marshan. FASEA’s education guidance released last December proposes that an AQF7 qualification, which is equivalent to a three-year full-time university degree, or an AQF8...

  9. Poll finds 90% of accountants’ clients not ready for STP

    said their clients were ready for the shift to STP. Out of 290 voters, 261 (90.6 per cent) said they were not prepared. Last month, the government confirmed the introduction of STP for businesses with less than 20 employees from 1 July 2019, as part of...

  10. Politics obstructing GST reform

    winning elections to undertake long-term reforms such as a rethinking of the GST. “Tax reform hasn’t got very far over the last 10 years because it’s caught up in the political cycle,” he said. Mr Greco suggested handing the responsibility of tax reform...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation
  11. Politics hits CFO confidence: Deloitte

    Uncertainty around federal government policy has dented CFO confidence, according to Deloitte’s most recent CFO survey. For the fourth straight quarter, optimistic CFOs outnumber their pessimistic peers, however, the net percentage of CFOs who were...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  12. Politicians need to put down the IAWO ‘bargaining tool’: CPA, ACCI

    by Australian small businesses after the Albanese government failed to address the future of the IAWO in the federal budget last Tuesday. CPA Australia voiced support for the announcement, however, also outlined that the IAWO was crucially important to...

  13. Political interest in overhauling tax residency laws has ‘disappeared’, says specialist

    paper with a proposal for modernising individual tax residency. Despite the consultation paper, Messner said neither of the last two governments have viewed addressing the tax residency rules for individuals as a priority. “It doesn’t feel like there’s...

  14. Police seize cigarettes, tobacco worth millions in lost tax

    150 staff from six agencies including the ATO, raided 15 locations in the Logan, Redlands and Ipswich areas of Queensland last week and needed five trucks to haul away 60,000 vapes, 3.74 tonnes of tobacco and more than 8 million cigarettes. Police from...

  15. Police checks for bookkeepers on the cards as ATO knuckles down on security

    a police check — that's another credibility item. “Watch this space, I was in a meeting with the chair of the TPB in the last week and they are certainly opening up on some of this.” [email protected]

  16. PM implored to consider JobKeeper extension for aviation industry

    “our critical aviation industry remains intact and retains its highly trained, skilled workforce”. He stressed that the last 12 months had been extremely difficult for the sector, with some 11,000 workers lost due to redundancies, with a further 2,500...

    • Type: Article
    • Author: Cameron Micallef
    • Category: Regulation
  17. PM denies white paper ditched

    Tax White Paper. Bureaucrats at the federal Treasury, the Tax White Paper Taskforce and the Board of Taxation were last week told work on the white paper would come to a complete halt, Fairfax Media claimed yesterday. "We were told to put everything on...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Business
  18. PM announces COVID disaster payment

    directly and 100 per cent with the business support they are providing,” Mr Morrison said. “What I put to the acting Premier last night was that we should split 50–50 both payments. Go 50–50 on household and 50–50 on business. “Alternatively, the states...

  19. Plutus Payroll ‘lackey’ sentenced to over 3 years in jail

    Kitson, the former general manager of Plutus Payroll, who pled guilty to conspiring to defraud the Commonwealth in August last year and was sentenced to four years and six months in jail, with a non-parole period of three years. Chief of the Serious...

  20. Plethora of streaming services confront subscription fatigue

    services were closing the gap on subscriptions and now accounted for one-third of streaming, up 8 percentage points on last year. The survey also revealed a decrease in willingness-to-pay per subscription and a decline in the average number of...