Tax

Tax

Perth CPA jailed for 4 years for tax fraud

A CPA has been sentenced to four years in jail for attempting to obtain over $250,000 by fraudulently lodging client...

21 February 2019 • By Jotham Lian

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Tax

Biblical defence fails to save taxpayer from $4.3m tax debt

A taxpayer, who quoted biblical references in an attempt to avoid tax debts, has been forced by the courts to repay...

19 February 2019 • By Jotham Lian

Tax

Australian audit market in line for ‘serious review’: Government committee

A parliamentary committee believes there is merit for Australian audit industry to undergo “serious review” due to the...

19 February 2019 • By Jotham Lian

Tax

Government pushed for Div 7A clarity in federal budget

The government has been urged to provide clarity over the proposed amendments to Division 7A in the upcoming federal...

19 February 2019 • By Jotham Lian

Tax

Stricter action in the works as 1 out 3 tax practitioners unresponsive to ATO...

A third of all tax practitioner contacted by the ATO to lodge their outstanding lodgments have failed to respond, with...

15 February 2019 • By Jotham Lian

Tax

‘Particularly reprehensible’: Caps on tax affairs deduction slammed

Labor’s justification to install a $3,000 cap on managing tax affairs will go beyond its intended reach of wealthy...

15 February 2019 • By Jotham Lian

Tax

‘Creative’ tax solutions feared in franking credits fallout

Tax lawyers fear Labor’s proposal to end cash refunds for excess dividend imputation credits will likely spur the...

14 February 2019 • By Jotham Lian

Tax

STP for small biz gets 3-month buffer

The ATO will grant a buffer period of three months for small businesses to comply with the newly legislated extension...

14 February 2019 • By Jotham Lian