Tax

Tax

‘The picture it paints is not completely true’: 80% of agent-prepared returns...

The ATO’s latest individuals tax gap report reveals that eight out of 10 tax agent-prepared returns required...

14 November 2019 • By Jotham Lian

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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

Tax

Commissioner called to explain changes to position on commercial debt...

The commissioner has been called to provide greater clarity over various circumstances dealing with its new...

11 November 2019 • By Jotham Lian

Tax

Risks abound in small business CGT exemption

Trustees looking to contribute proceeds of the sale of their business into their SMSF should be aware of the risks,...

11 November 2019 • By Sarah Kendell

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