Tax

Tax

GST complexities underestimated as 1 in 2 businesses self-lodge BAS

Close to one in two small businesses choose not to use a registered agent to lodge their business activity statements,...

11 November 2019 • By Jotham Lian

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Tax

Accountants warned on rising bankruptcies linked to Division 7A

A spike in bankruptcies as a direct result of director loans has led to concerns that clients may not fully understand...

08 November 2019 • By Jotham Lian and Adam Zuchetti

Tax

Frankston, Croydon businesses set for ATO black economy strike force visits

Up to 800 businesses in the Melbourne suburbs of Frankston and Croydon have been earmarked for visits by the ATO...

07 November 2019 • By Jotham Lian

Tax

‘Geared towards myTax’: Spike in self-lodgers linked to meagre refunds

The introduction of the government’s $1,080 low and middle-income tax offset has done little to lift tax refunds, with...

06 November 2019 • By Jotham Lian

Tax

Vacant land tax changes could hit SMSF developments

Recently legislated changes to tax deductions for vacant land could affect SMSFs that have bought land with the intent...

06 November 2019 • By Sarah Kendell

Tax

ATO changes guidance on fuel tax credits

The Tax Office has advised on changes to fuel tax credit claims following an Administrative Appeals Tribunal decision.

05 November 2019 • By Jotham Lian

Tax

ATO eyes 300 businesses on NSW South Coast

Businesses in the South Coast of NSW are up for a potential ATO visit after the agency found a higher than average...

04 November 2019 • By Jotham Lian

Tax

Government called to consider apportionment for CGT main residence exemption...

Concerns around the reintroduced bill to deny non-residents access to capital gains tax exemptions continue to be...

04 November 2019 • By Jotham Lian