Tax

Tax

‘Wide range’ of businesses clients captured by new TPRS regime

Accountants and their business clients have been urged to review their contractual terms to ensure they are across the...

16 October 2018 • By Jotham Lian

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Tax

Everett assignment CGT amendments released

Treasury has released exposure draft legislation on the denial of small business CGT concessions to partners who...

15 October 2018 • By Jotham Lian

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

Tax

Government’s plan to fast track tax cuts tipped to drive uncertainty

The government has moved ahead with plan to fast track the tax cuts for small- and medium-sized businesses, but tax...

12 October 2018 • By Jotham Lian

Tax

R&D audits increase, documentation key for accountants

Taxpayers seeking to utilise the R&D tax incentive has been urged to have contemporaneous documentation in light of...

12 October 2018 • By Jotham Lian

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