Tax

Tax

Rate change set for popular deduction

The cents per kilometre rate for work-related car expense deductions will change from the income year commencing 1...

26 June 2018 • By Jotham Lian

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Tax

Amended CGT start date a ‘welcome relief’ for accountants

The government will amend the start date of their proposed small business CGT concessions measure, in a move tipped to...

22 June 2018 • By Jotham Lian

Tax

Payroll tax threshold to increase in NSW, SA

Small businesses in NSW and SA are set to benefit from an increase to the payroll tax threshold, but more states need...

21 June 2018 • By Jotham Lian

Tax

Income tax plan likely to pass, but some of the tax talk ‘just not right’

With the Senate agreeing to pass the first two stages of the government’s income tax cut plan, the Tax Institute has...

21 June 2018 • By Jotham Lian

Tax

ATO defends tax agents compliance campaign

The Tax Office has refuted claims that it is on a witch hunt against all tax practitioners and taxpayers, but will...

19 June 2018 • By Jotham Lian

Tax

ATO spruiks cashless society in latest research

Only one in five Australians continue to use cash for purchases, according to new research revealed by the Tax Office...

19 June 2018 • By Jotham Lian

Tax

ATO to visit 2,000 tax agents to capture early-stage problems

The ATO is set to visit over 2,000 tax agents a year in a bid to spot pressured agents who are on the cusp of becoming...

19 June 2018 • By Jotham Lian

Tax

Watch out for charges with incoming GST laws, accountants told

Accountants have been advised to pay close attention to the commencement of GST on low value imported goods that could...

18 June 2018 • By Jotham Lian