Tax

Tax

Court strips gold bullion fraudsters of $8.7m for GST scheme

Two leaders in an Australian criminal syndicate have been stripped of more than $8.7 million in assets for their roles...

12 May 2025 • By Imogen Wilson

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Tax

Accounting bodies push for Div 7A ‘legislative fix’

Members of the professional accounting bodies are calling for reform to Division 7A as the Tax Office pushes its...

07 May 2025 • By Imogen Wilson

Tax

Merchant decision fortifies ATO’s position on Part IVA, accountants warned

The Full Federal Court decision demonstrates the full reach of Part IVA and has important implications for SME...

07 May 2025 • By Miranda Brownlee

Tax

$1k standard deduction to free up ATO’s resources, says H&R Block

Labor’s proposed $1,000 standard deduction looks set to proceed following the party's win in the federal election.

07 May 2025 • By Miranda Brownlee

Tax

Div 296 now a matter of when, not if

The government will potentially now only need the support of the Greens in the Senate to pass the Division 296...

06 May 2025 • By Keeli Cambourne

Tax

Concerns grow as taxpayers turn to ChatGPT for tax information and advice

Taxpayers are relying on ChatGPT as a “reliable source” of information and advice, threatening integrity and trust in...

05 May 2025 • By Imogen Wilson

Tax

Shaw decision warrants review of ATO’s approach to meal expenses: IFPA

The Commissioner may need to revise the ATO’s administrative approach to claims for meal expenses by long-distance...

04 May 2025 • By Miranda Brownlee

Tax

Accounting industry awaits federal election outcome

The result of tomorrow's election will determine the fate of a range of tax measures announced by both major parties.

02 May 2025 • By Miranda Brownlee