Tax

Tax

Steer clear of managing tax affairs cap, government told

Caps on specific deductions, such as the deduction for the cost of managing tax affairs, are “selective and...

28 October 2019 • By Jotham Lian

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Tax

CGT main residence bill resurrected

A bill proposing to deny non-residents access to capital gains tax exemptions has been reintroduced in Parliament,...

24 October 2019 • By Jotham Lian

Tax

Tax debt disclosure, SG loophole bill passed

An omnibus tax bill has now been passed in Parliament, introducing a raft of measures that will impact businesses and...

24 October 2019 • By Jotham Lian

Tax

$16bn: Small business owes ATO big

Almost one in five Australian SMEs entered into payment plans with the ATO last financial year, as they struggle to...

24 October 2019 • By Adam Zuchetti

Tax

Tax agents are not ‘abusers’ of the tax system, says association

An industry association has hit back at the Tax Practitioners Board’s move to clamp down on tax agents who are...

23 October 2019 • By Jotham Lian

Tax

Tax Office to focus on ABN cancellation program

Tax agents have been given a heads up that the ATO will “focus more” on its bulk Australian business number (ABN)...

22 October 2019 • By Jotham Lian

Tax

ATO heads to Western Sydney following spike in tip-offs

Bankstown will be the site of the next tranche of business visits by ATO inspectors, after the Tax Office noticed an...

21 October 2019 • By Adam Zuchetti

Tax

Tax Office issues reminder as lodgement deadline approaches

With less than two weeks to go before the self-lodgement deadline, the ATO is urging taxpayers to engage a tax agent...

18 October 2019 • By Reporter