Tax

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

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Tax

Director GST liability inches forward with Senate committee approval

A bill proposing to introduce new anti-phoenixing laws has been given the green light by a Senate committee, meaning...

29 March 2019 • By Jotham Lian

Tax

ATO sheds light on big 4 partner income

The ATO has revealed that big four partners earned a collective $7.6 billion in 2017, reassuring that the firms have...

28 March 2019 • By Jotham Lian

Tax

Employers hit with rolling SG audits as ATO toughens stance

Employers are increasingly being subjected to a rolling series of audits by the ATO where they slip behind on their SG...

28 March 2019 • By Miranda Brownlee

Tax

Low-value GST collection at 300% of forecasts

GST collection for low value imported goods is tracking at 300 per cent of forecasts, as overall GST collection...

28 March 2019 • By Reporter

Tax

Commissioner seeks to appeal residency decision in High Court

The Commissioner of Taxation has applied for special leave to appeal the Full Federal Court’s recent tax residency...

27 March 2019 • By Jotham Lian

Tax

New guidelines issued on satisfactory tax records for tender bids

Treasury has now released new procurement policy outlining the new rules that tenderers applying for Commonwealth...

27 March 2019 • By Jotham Lian

Tax

Clients need education on negative gearing changes, says IPA

Accountants have been urged to educate clients on the potential impacts of Labor’s proposed changes to negative...

26 March 2019 • By Jotham Lian