Tax

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

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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

Tax

Fair Work clears air around accessorial liability

Accountants and bookkeepers doing their best to help their employer clients comply with their obligations have nothing...

31 October 2019 • By Jotham Lian

Tax

ATO black economy hotline rings hot with 15,000 tip-offs

Black economy tip-off calls to the ATO have breached the 15,000 mark in the three months since it launched its new tax...

31 October 2019 • By Jotham Lian

Tax

Late SG contribution tax deductibility issue flagged

Accountants have been warned on a misconception that treating a late superannuation guarantee contribution as...

31 October 2019 • By Jotham Lian