Tax

Tax

ATO concedes error on tax withholding calculator

The tax office has admitted to making an error on its tax withholding calculator, which may have caused employers who...

09 August 2018 • By Jotham Lian

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Tax

Govt hears of software, cost barriers in STP hold-ups

A standing committee has heard of extremely low take-up of impending single touch payroll (STP) changes, with “time...

08 August 2018 • By Jotham Lian

Tax

New accounting standard ‘seriously underestimated’

Businesses with operating leases are set to be substantially impacted by the new AASB 16 Leases standard, as one firm...

08 August 2018 • By Jotham Lian

Tax

Compliance costs of FBT undergo review, accountants urged to speak up

The Board of Taxation will be reaching out to accounting professionals and their clients as they undertake a review of...

07 August 2018 • By Jotham Lian

Tax

‘Not the same for everyone’: Vacancy fee confusion flagged

A mid-tier has flagged several issues regarding the new annual vacancy fees for foreign owners of residential...

06 August 2018 • By Jotham Lian

Tax

‘Clients might be facing a tax bill’: Defined benefit income changes flagged

A new label has been created in individual tax returns in light of the new tax obligations around defined benefit...

03 August 2018 • By Jotham Lian

Tax

1,000+ tax agents set for CPD audit

Tax agents will soon have their continuing professional development (CPD) records reviewed by the Tax Practitioners...

03 August 2018 • By Katarina Taurian

Tax

Govt puts forward new amendments to thin capitalisation rules

Entities will have to align the value of their assets for thin capitalisation purposes with the value of their assets...

03 August 2018 • By Jotham Lian