Tax

Tax

ATO clamps down on circular trust distributions

Family trusts will no longer be able to escape tax obligations by engaging in circular trust distributions, as the ATO...

14 May 2018 • By Jotham Lian

more from tax

Tax

Directors liable for GST in phoenix reforms

The government’s hard-line stance on illegal phoenixing activity has gone up a notch with culpable directors to face...

10 May 2018 • By Jotham Lian

Tax

Accounting industry at odds over R&D tax incentive changes

There is a lack of consensus in the accounting industry around whether the government’s overhaul of its research and...

10 May 2018 • By Adrian Flores

Tax

Budget silent on deductions for work-related expenses

Despite speculation around a standard tax deduction being introduced for work-related expenses, no announcement was...

10 May 2018 • By Miranda Brownlee

Tax

‘Difficult and contentious’: taxing the digital economy

Accountants have been urged to keep a lookout for significant changes to the tax environment as the government...

10 May 2018 • By Jotham Lian

Tax

Accounting industry braces for budget fallout

The accounting industry will have its work cut out over the next 12 months as it grapples with the raft of “bits and...

10 May 2018 • By Jotham Lian

Tax

Accountants on notice with ABN framework revamp

Accountants will need to remain alert to the status of client ABNs following the government’s budget commitment to...

10 May 2018 • By Adrian Flores

Tax

Small business CGT concessions shut in Everett assignments

Accounting partners assigning or otherwise dealing in rights to the future income of a partnership will no longer be...

09 May 2018 • By Jotham Lian