Tax

Tax

New bill introduced on contentious company tax issue

The federal government has introduced a bill clarifying the tax rate for passive investment companies, after a period...

19 October 2017 • By Katarina Taurian

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Tax

TPB flags priority item for tax agents with ASIC

The Tax Practitioners Board (TPB) is seeking further clarification from ASIC about a section in the Corporations Act...

16 October 2017 • By Katarina Taurian

Tax

300,000 SMEs utilising $20K write-off, says ATO

The average amount claimed through the instant asset write-off more than doubled in the 2015-16 financial year,...

16 October 2017 • By Jotham Lian

Tax

Poll finds 90% of accountants’ clients not ready for STP

Less than one in 10 businesses are ready for the implications of Single Touch Payroll (STP), as one accounting body...

13 October 2017 • By Jotham Lian

Tax

TPB acts as suspect offshoring emails surface

The Tax Practitioners board has found offshore firms are actively engaging with Australian tax and BAS agents to...

13 October 2017 • By Katarina Taurian

Tax

Major bank shakes up SME loans approach

One major bank says it is implementing a “complete overhaul” of its approach to business loan contracts, several...

10 October 2017 • By Katarina Taurian

Tax

New Corps Act reform an industry, taxpayer win

Yesterday, the government announced a raft of proposed reforms to the Corporations Act to stop corporate avoidance of...

06 October 2017 • By Lara Bullock

Tax

Government weighs in as tax agent jailed for R&D fraud

Yesterday, a registered tax agent was sentenced to 29 months' imprisonment for attempting to defraud the Commonwealth...

06 October 2017 • By Lara Bullock