Tax

disclosure framework
Tax

AASB called to stick with current disclosure framework

The Australian Accounting Standards Board has been urged to not “reinvent the wheel” and rely on the current reduced...
18 October 2018 • By Jotham Lian

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family trusts
Tax

Legislation targeting family trusts released

The government has released draft legislation to tighten a tax loophole where family trusts could have been involved...
16 October 2018 • By Jotham Lian
tax folders and documents
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
calculator and red pencil
Tax

Fast-tracked tax cuts could catch taxpayers out

The government’s decision to fast track tax cuts for small and medium-sized businesses could throw up some significant...
16 October 2018 • By Jotham Lian
igt ali noroozi
Tax

IGT calls for power balance at ATO

The outgoing Inspector-General of Taxation has called for the establishment of a management board to oversee the ATO...
15 October 2018 • By Jotham Lian
draft legislation
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
data validation via magnifying glass
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
parliament house government
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