Tax

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

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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

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