Tax

Tax

Accountants called on in light of FBT regime review

Record-keeping and data validation are some of the initial pain points raised in the Board of Taxation’s fringe...

15 October 2018 • By Jotham Lian

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Tax

$17.5 billion in lost super sees savings ‘eroded’

Over $17.5 billion of lost and unclaimed super spread across more than 6.2 million accounts continue to wait to be...

12 October 2018 • By Jotham Lian

Tax

Dodgy sales software could cost $1m in penalties

The Tax Office has advised that the use of electronic sales suppression tools will now attract penalties of over $1...

11 October 2018 • By Jotham Lian

Tax

‘Failed reform’: Academic pushes for urgent tax action

An academic has called for professionals to drive greater awareness around tax issues in a bid to drive genuine tax...

11 October 2018 • By Jotham Lian

Tax

ATO issues reminder on ABNs to avoid ‘unnecessary’ door knocks

Accountants have been urged to help keep their clients’ ABN details up to date to “reduce unnecessary contact” from...

11 October 2018 • By Jotham Lian

Tax

$1m in GST fraud lands director in jail

A Victorian director has been sentenced to four years and two months in jail for more than $1 million in fraudulent...

10 October 2018 • By Jotham Lian

Tax

Consider incentives to ditch paper lodgments, report says

The government should consider incentives to move the lodgment of business activity statements through digital...

10 October 2018 • By Jotham Lian

Tax

Red flag goes up for first home super saver scheme strategy

Advisers have been cautioned against peddling a strategy within the First Home Super Saver Scheme, with the ATO...

10 October 2018 • By Jotham Lian