Tax

Tax

Victoria’s new tax regime to ‘significantly impact’ commercial propery

The new commercial and industry property tax is a complex regime that will impact cash flow and returns, a specialist...

10 June 2024 • By Miranda Brownlee

more from tax

Tax

ATO ‘scrutinising’ section 109RB requests, practitioners warned

The ATO has cautioned practitioners and their clients not to rely on favourable discretion from the Tax Commissioner...

07 June 2024 • By Miranda Brownlee

Tax

Getting your house in order this year end

Time is running out to get your tax and superannuation affairs, and those of their clients, in order before year end.

06 June 2024 • By Robyn Jacobson, The Tax Institute

Tax

Instant asset write-off measure for 2024–25 introduced into Parliament

A bill to set the instant asset write-off threshold to $20,000 for 12 months over the 2024–25 income year has been...

05 June 2024 • By Miranda Brownlee

Tax

CPA outlines ATO focus areas for expenses this tax time

With tax time fast approaching, the professional body has outlined some of the claims that may attract additional...

05 June 2024 • By Jack Campbell

Tax

ATO offers further guidance on self-assessing for new NFP return

The Tax Office has stressed that the main purpose of a community service organisation must be altruistic to be...

05 June 2024 • By Miranda Brownlee

Tax

ATO flags critical considerations with family trust elections

Family trust elections and interposed entity elections “should not be set and forget” by trustees or their tax...

03 June 2024 • By Miranda Brownlee

Tax

Taxpayers warned on risks with rushed tax returns

CPA Australia says cost of living pressures may drive some taxpayers to rush their return this year to receive an...

02 June 2024 • By Miranda Brownlee