Tax

Tax

Full expensing opt-out given tick of approval

The Treasurer’s move towards allowing businesses to opt out of fully expensing certain assets will provide flexibility...

26 November 2020 • By Jotham Lian

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Tax

Josh Frydenberg expands instant asset write-off eligibility

Treasurer Josh Frydenberg has moved to expand the eligibility of the full expensing measure to allow bigger businesses...

23 November 2020 • By Jotham Lian

Tax

Tax watchdog sheds light into ATO covert audits

Covert audits by the ATO may be more common than you think, says the Inspector-General of Taxation. Here’s how to spot...

23 November 2020 • By Jotham Lian

Tax

Retirement Income Review highlights ‘inequity’ issues with tax concessions,...

While the Retirement Income Review concluded that Australia’s retirement income system is effective, sound and broadly...

23 November 2020 • By Miranda Brownlee

Tax

Underreported BAS sales leads to 2.5 years in jail

A Queensland bricklayer will now face two-and-a-half years in jail after an ATO analysis of taxable payments reporting...

20 November 2020 • By Jotham Lian

Tax

ATO finalises SGC Part 7 penalty remission guidelines

The ATO has finalised its internal guidance on when it can remit the Part 7 penalty following the end of the...

20 November 2020 • By Jotham Lian

Tax

‘Keep reminding the ATO of the cost’: Former deputy commissioner flags audit...

Tax practitioners should remind ATO audit officers of the cost of compliance when facing exhaustive requests for...

18 November 2020 • By Jotham Lian

Tax

NSW pushes forward to replace stamp duty with land tax

New South Wales is set to make the transition from stamp duty to an annual land tax, as Treasurer Dominic Perrottet...

18 November 2020 • By Jotham Lian