Tax

Tax

‘Window of opportunity’: ATO makes change to tax debts on hold

The Tax Office is starting to include tax debts on hold in taxpayers’ account balances from this month.

11 August 2025 • By Imogen Wilson

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Tax

Distribution traps for corporate beneficiaries

Distributions to corporate beneficiaries can result in some unexpected and unforgiving tax outcomes.

07 August 2025 • By Robyn Jacobson, The Tax Institute

Tax

Guide to the non-deductibility of GIC and SIC from 1 July 2025

GIC and SIC incurred by taxpayers on or after 1 July 2025 will no longer be tax deductible.

06 August 2025 • By Tony Greco & Letty Chen, Institute of Public Accountants

Tax

And that’s a rap: Div 296 tax gets an upbeat rendition

The Division 296 legislation isn’t something to be laughed at, but one accounting educator decided to try to bring a...

06 August 2025 • By Keeli Cambourne

Tax

Deferred tax accounting not guaranteed to improve Div 296 outcome

While there have been a lot of arguments in favour of utilising deferred tax accounting in relation to Division 296, a...

05 August 2025 • By Keith Ford

Tax

ATO vulnerability framework needs ‘training, transparency, support’: The Tax...

The Tax Institute has urged the Tax Office to commit to significant investment in the implementation phase of its...

05 August 2025 • By Imogen Wilson

Tax

‘The devil will be in the details’: Concerns raised over tax reform proposal

Following the Productivity Commission’s sweeping tax reform proposals, business advocates are pushing for a more...

05 August 2025 • By Imogen Wilson

Tax

Tax refunds top $5k for SMEs amid scam surge: CommBank

The highest average tax refunds received by small businesses cashed in at over $5,000 for 2024, new research from...

04 August 2025 • By Imogen Wilson