Tax

Tax

FBT overhaul ‘not a priority’ for government

The government will be unlikely to abandon fringe benefits tax despite its high compliance cost to revenue intake...

20 March 2019 • By Jotham Lian

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Tax

Div 7A approach to be ‘fair and sensible’, says Assistant Treasurer

The Assistant Treasurer has reassured tax practitioners that the government will land on a “fair and sensible”...

18 March 2019 • By Jotham Lian

Tax

CBA settles big tax case

A major bank has agreed to withdraw from contesting the eligibility of its R&D tax incentive claims before the...

18 March 2019 • By Jotham Lian

Tax

Chris Jordan casts doubt on controversial $3k tax affairs cap

Labor’s proposal to limit the deductibility of the cost of managing tax affairs to $3,000 has been met with scepticism...

15 March 2019 • By Jotham Lian

Tax

Basic slips, misunderstanding surface as 10k businesses circled for door-knocks

Early findings from the ATO’s mobile strike force visits have revealed a lack of understanding of basic obligations by...

15 March 2019 • By Jotham Lian

Tax

Common GST, property errors flagged for tax agents

The ATO has flagged some common errors in suppliers’ activity statements since the introduction of GST at settlement.

14 March 2019 • By Jotham Lian

Tax

Cash economy drives small biz to post massive tax gap

The Tax Office is expecting a $10 billion tax gap in the small business space, significantly higher than the corporate...

14 March 2019 • By Jotham Lian

Tax

Errors in 9 out of 10 rental claims prompt new compliance blitz

ATO Commissioner Chris Jordan has signalled his agency’s intent to crackdown on rental property deductions after...

14 March 2019 • By Jotham Lian