Tax

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

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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

Tax

Red flag goes up for first home super saver scheme strategy

Advisers have been cautioned against peddling a strategy within the First Home Super Saver Scheme, with the ATO...

10 October 2018 • By Jotham Lian

Tax

Technicalities flagged as new TPRS guidelines released

The extension of the taxable payments reporting system (TPRS) to the cleaning and courier industries will require...

08 October 2018 • By Jotham Lian