Tax

Tax

How Div 7A changes the game for companies and trusts

The ATO’s final guidance on Division 7A heralds the end of sub-trust arrangements for unpaid present entitlements.

12 August 2022 • By Robyn Jacobson

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Tax

Shift away from tax agents ‘holds pitfalls for crypto, gig workers’

CPA Australia says ATO data reveals more people using the myTax app just as returns are getting more complicated.

11 August 2022 • By Philip King

Tax

Disclose contractor payments by 28 August, ATO warns

Small businesses told under-reporting will be exposed by powerful data matching.

09 August 2022 • By Josh Needs

Tax

Little point changing lodgement date, says CPA

The ATO remains in limbo on vital pre-fill data despite giving the green light to returns.

04 August 2022 • By Josh Needs

Tax

Federal Court stops fake tax agent

Unregistered practitioners put clients at risk of having to pay thousands in penalties, says TPB.

01 August 2022 • By Josh Needs

Tax

Few will benefit from FBT exemption for EVs

Figures suggest the measure will reduce the cost for just a few thousand owners a year, says IPA.

01 August 2022 • By Philip King

Tax

Little consolation for SMEs in June CPI

The below-expectation June CPI figure of 6.1 per cent does nothing to defuse concerns over rising fuel, materials and...

29 July 2022 • By Philip King

Tax

Are my crypto trades on a wash cycle?

The tax treatment of gains – or losses – from digital assets comes down to what motivated the trade.

29 July 2022 • By Phillip London