Tax

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

more from tax

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

Tax

500 businesses set for surprise ATO visits

Up to 500 businesses in Tasmania can expect unannounced door knocks from the Tax Office this month, as the regulator...

13 March 2019 • By Jotham Lian

Tax

AAT disagrees with ATO on lump-sum assessment

The Administrative Appeals Tribunal has reviewed a decision by the Commissioner of Taxation which ruled that a...

12 March 2019 • By Miranda Brownlee

Tax

$1m penalties set to kick in for dodgy sales tools

Clients who possess electronic sales suppression tools will have just over three weeks to come clean before $1 million...

12 March 2019 • By Jotham Lian