Tax

Tax

Part 7 penalty remission draft practice statement released

A draft practice statement on the ATO’s position in deciding to remit the Part 7 penalty in relation to superannuation...

16 September 2019 • By Jotham Lian

more from tax

Tax

Corporate tax residency rules undergo review scrutiny

The Board of Taxation has begun its review of Australia’s corporate tax residency rules, noting the difficulties...

11 September 2019 • By Jotham Lian

Tax

‘Antiquated FBT rules’ set for legislative tweak

A legislative fix has been proposed to solve a discrepancy within the current Fringe Benefits Tax Assessment Act that...

10 September 2019 • By Jotham Lian

Tax

Refund-pocketing tax agent sentenced to 12 months in jail

A Sydney tax agent will face 12 months in jail after being convicted of lodging fraudulent income tax returns on...

09 September 2019 • By Jotham Lian

Tax

7 company failures and $1.3m in tax debts see director banned for maximum period

A Sydney director, whose seven companies owed the ATO at least $1.3 million, has now been banned by the corporate...

09 September 2019 • By Jotham Lian

Tax

Accounting network spots shifting behaviour towards work-related expenses claims

The ATO’s crackdown on work-related expenses has seen a reduction in claims being made, with one new study finding...

04 September 2019 • By Jotham Lian

Tax

ATO explores deceased information access fix for online services

The ATO is currently working on a solution to allow tax agents to access information regarding deceased estates...

03 September 2019 • By Jotham Lian

Tax

Busting myths: Accountants are here for more than just tax time

Promoted by CPA Australia. Advances in technology are fueling a change in the role accountants play, giving them more...

02 September 2019 • By CPA Australia