Tax

Tax

‘Widespread misunderstanding’: Accountants cautioned on journal entries

Accountants have been cautioned from using accounting entries as a substitute for a transaction actually occurring,...

09 July 2019 • By Jotham Lian

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Tax

Trial tax clinics a hit with community, educators

Over 140 individuals and small businesses have now received help from the government’s national tax clinic program...

08 July 2019 • By Jotham Lian

Tax

Clients set to receive additional credits as tax cuts pass in full

The Tax Office will now start processing beefed-up tax refunds after the government’s $158 billion tax cut plan was...

05 July 2019 • By Jotham Lian

Tax

Low value GST collection a ‘success’ as $250m rolls in

The ATO has labelled the collection of GST on low-value goods “successful” as it rakes in over $180 million more than...

04 July 2019 • By Reporter

Tax

ATO stands by taxi definition for FBT

The Tax Office will not view Uber and similar ride-sourcing vehicles as taxis for the purpose of fringe benefits tax...

04 July 2019 • By Jotham Lian

Tax

Tax cuts headed to Senate after passing lower house

The government’s proposed income tax cut plan is now set for debate in the Senate after it passed through the House of...

03 July 2019 • By Jotham Lian

Tax

TPB sounds warning to unregistered agents

Unregistered agents will fall firmly in the sights of the Tax Practitioners Board this tax time as it commits to...

03 July 2019 • By Jotham Lian

Tax

Over $500k in penalties detailed for STP non-compliance

Large employers can face up to over $500 million in penalties for missed or late Single Touch Payroll reports as the...

02 July 2019 • By Jotham Lian