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Tax

Popular tax deduction on chopping block
Tax

Popular tax deduction on chopping block

Treasury has put forward a proposal to scrap a popular tax deduction, in an effort to save $30 million annually.
22 November 2016 • By Reporter

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Tax Office to ramp up ‘self-service’ options
Tax

Tax Office to ramp up ‘self-service’ options

In light of the proposed superannuation measures and the government’s digital agenda, the ATO has announced it will...
18 November 2016 • By Reporter
ATO's social media swoop set to bear fruit
Tax

ATO's social media swoop set to bear fruit

One national tax and accountancy network believes the ATO’s “sophisticated and comprehensive” trawling of internet...
18 November 2016 • By Katarina Taurian
ATO issues new alert on trusts
Tax

ATO issues new alert on trusts

The ATO has flagged a new crackdown on taxpayers with trust arrangements in place, as its investigations reveal a...
18 November 2016 • By Jack Derwin
High Court rules in lengthy offshore tax case
Tax

High Court rules in lengthy offshore tax case

The High Court has ruled in a long-running case that involved a company setting up complex offshore structures,...
17 November 2016 • By Katarina Taurian
ASIC gets tougher on accountants seeking new AFSLs
Tax

ASIC gets tougher on accountants seeking new AFSLs

ASIC has adopted a tougher approach to limited and full AFSL applications and is actively investigating social media...
17 November 2016 • By Miranda Brownlee
Big four finds banking models under threat
Tax

Big four finds banking models under threat

Global banks are under "tremendous" pressure from investors to boost return on equity (ROE) at the same time as...
16 November 2016 • By Reporter
Majority of myTax returns inaccurate, study finds
Tax

Majority of myTax returns inaccurate, study finds

A study of returns submitted through myTax has found over half contain errors, two thirds of which favour the ATO.
15 November 2016 • By Katarina Taurian