Tax

Tax

Treasurer slams Coalition’s $20k ‘long lunch’ tax deduction

Jim Chalmers has hit out at the opposition’s proposed $20,000 tax deduction for meal and entertainment expenses,...

24 January 2025 • By Emma Partis

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Tax

Implications for Division 7A from the Ierna decision

Can the application of Division 7A be avoided by the ‘associate’ rules in relation to trusts?

22 January 2025 • By Phillip London, Tax Banter

Tax

Accounting bodies continue fight against GIC deduction changes

Making the general interest charge non-deductible would unduly penalise taxpayers who have made honest mistakes in...

22 January 2025 • By Emma Partis

Tax

FBT, GST complexities flagged with $20k deduction proposal

Careful consideration of how the Coalition’s proposed $20,000 business deduction interacts with fringe benefits tax...

22 January 2025 • By Miranda Brownlee

Tax

ATO issues practice inbox reminder for tax professionals

The Tax Office has reminded tax professionals to check their practice inbox, as well as their assigned inbox.

20 January 2025 • By Imogen Wilson

Tax

'Punitive' GIC changes may trigger business failures, warns Tax Institute

The Tax Institute has called for adjustments to the proposed changes around general interest charge deductions.

20 January 2025 • By Miranda Brownlee

Tax

SME owners urged to consider benefits of tax-efficient exits

A small business can achieve a smooth tax-efficient exit if it reduces tax liabilities with proactive planning and...

17 January 2025 • By Imogen Wilson

Tax

Tax due diligence crucial for M&A deals, Grant Thornton warns

The firm has cautioned businesses delving into merger and acquisition transactions to conduct due diligence on...

16 January 2025 • By Imogen Wilson