Tax

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

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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

Tax

‘The company’s money is not your money’: ATO on Div 7A myths

Mistaken beliefs around business structures, record keeping and the Commissioner’s discretion are “common” among...

15 January 2025 • By Christine Chen

Tax

Key tax planning tips for 2025

Navigating tax obligations can be challenging for business owners and consumers alike. With tax laws evolving each...

14 January 2025 • By Coco Hou, Platinum Accounting

Tax

Looming election casts uncertainty over key tax measures: Tax Institute

The upcoming election this year will make tax planning for clients more uncertain and challenging, according to the...

10 January 2025 • By Miranda Brownlee

Tax

New Airbnb tax raises concern for Victorian tourism sector

The Victorian tourism industry has expressed concern the newly effective 7.5 per cent Airbnb tax will deter travellers...

09 January 2025 • By Imogen Wilson