Tax

Tax

Big boost, changes announced to instant asset write-off

The threshold for the instant asset write-off has been increased by 20 per cent, with businesses with a turnover of up...

02 April 2019 • By Jotham Lian

more from tax

Tax

‘Netflix but not STP’: 1 in 10 small biz STP ready

Just one out of 10 small business clients are ready for the rollout of single touch payroll, with advisers urged to...

02 April 2019 • By Jotham Lian

Tax

Prominent tax bills set to lapse as Parliament enters last 2 sitting days

The last two Senate sitting days will see a number of prominent tax bills, including the proposed SG amnesty, being...

02 April 2019 • By Jotham Lian

Tax

‘No action warranted’ until Labor provides CGT and negative gearing clarity,...

Labor’s proposed 1 January 2020 start date for its plan to restrict negative gearing and halve the capital gains tax...

01 April 2019 • By Jotham Lian

Tax

Government warned on delicate balancing act ahead of federal budget sweeteners

While the federal budget is set to announce further income tax cuts tomorrow, tax experts have warned that the...

01 April 2019 • By Jotham Lian

Tax

Illegal phoenix crackdown brings in $500m

Over $500 million has been raked in by the ATO as a result of audits of illegal phoenix operators since 2014, as the...

01 April 2019 • By Reporter

Tax

Labor confirms 1 January start date for negative gearing and CGT proposal

Labor has announced that it will implement its plan to restrict negative gearing to new investment properties and...

29 March 2019 • By Jotham Lian

Tax

Federal budget tipped to bring extra ATO funding, compliance activities

A standard deduction for work-related deductions is unlikely to materialise in an election year but taxpayers should...

29 March 2019 • By Jotham Lian