Tax

Tax

SG amnesty gets green light from Senate committee

The proposed SG amnesty has now inched forward after a parliamentary committee recommended that the bill be passed.

12 November 2019 • By Jotham Lian

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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

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