Tax

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

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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

Tax

Proposed GST measure tipped to be ‘onerous’ for directors

The government’s proposal to make directors personally liable for GST debts of the companies they manage could help...

06 October 2017 • By Lara Bullock

Tax

Government slammed for sidelining accountants in ‘cherry-picking’ tax reform

A mid-tier accounting firm has slammed the government for ‘cherry-picking’ tax reforms that they think voters will...

06 October 2017 • By Lara Bullock

Tax

Tax return fraud exposed in joint police, ATO swoop

A man has been arrested after being linked to 63 fraudulent tax return lodgements, totalling over half a million...

05 October 2017 • By Lara Bullock

Tax

Big 4 firm denies alleged incorrect tax advice

Big four accounting firm Deloitte is facing court over alleged incorrect tax advice, which a technology entrepreneur...

05 October 2017 • By Lara Bullock