Tax

Tax

Fears of Labor’s trust tax impact on SMSFs eased

The impact of Labor’s trust tax on SMSFs may not be as significant as some have feared, with Labor unlikely to apply a...

01 February 2019 • By Miranda Brownlee

more from tax

Tax

FWO tests new reverse onus of proof for record-keeping obligations

Record-keeping obligations have been thrown into the spotlight as the Fair Work Ombudsman commences the first legal...

30 January 2019 • By Jotham Lian

Tax

ATO set to contact clients for overdue TPAR

The Tax Office will begin contacting clients in the building and construction industry about their overdue taxable...

30 January 2019 • By Jotham Lian

Tax

Instant asset write-off threshold upped to $25k

The government has increased the threshold for the instant asset write-off to $25,000 as it looks to entice the small...

30 January 2019 • By Jotham Lian

Tax

High Court dismisses ATO appeal in divorce tax case

The High Court has ruled in favour of a taxpayer shifting her tax debts onto her spouse during their divorce property...

30 January 2019 • By Jotham Lian

Tax

Taxpayers to brace for new ATO engagement

The Tax Office’s change in approach to engaging with businesses will see taxpayers need to provide evidence that they...

30 January 2019 • By Jotham Lian

Tax

Tax advisers urged to get ahead of new tender policies

Tax advisers have been urged to help their clients who are looking to tender for government contracts, to get their...

29 January 2019 • By Jotham Lian

Tax

Inappropriate accounting treatments continue to plague entities

Impairment of non-financial assets and inappropriate accounting treatments continue to form the bulk of ASIC’s...

29 January 2019 • By Jotham Lian