Tax

Tax

Voluntary tax believer fined $15k for bogus trust deductions

The AAT has upheld penalties for “reckless” returns lodged by a Brisbane woman who questioned the legitimacy of the...

12 August 2024 • By Christine Chen

more from tax

Tax

ETF investors warned against rushing tax returns

The IPA has cautioned taxpayers with ETFs on the risks of lodging their tax return before receiving the necessary...

04 August 2024 • By Miranda Brownlee

Tax

Emerging opportunities on the advice front for accounting firms

George Haramis talks about emerging advice opportunities for accountants following advancements in digital advice and...

02 August 2024 • By Robyn Tongol

Tax

Coalition would reverse Div 296 tax: Howarth

The Coalition would reverse the proposed Division 296 tax if it won the next election, says shadow assistant treasurer...

01 August 2024 • By keeli cambourne

Tax

ATO provides clarity on section 99B in new draft guidance

The ATO’s guidance has clarified its approach to section 99B but may require beneficiaries to provide more extensive...

01 August 2024 • By Miranda Brownlee

Tax

ATO gives taxpayers green light to lodge returns

Taxpayers should check their details are up to date and revise rules for deductions before lodging, the Tax Office has...

31 July 2024 • By Christine Chen

Tax

SMBs to be given four years to amend returns under proposed legislation

The government has released draft legislation to implement part of its budget package aimed at reducing administrative...

29 July 2024 • By Miranda Brownlee

Tax

Three-quarters of Australians back wealth tax amid rising inequality

A survey has found most Australians support more action to rein in the ultra-rich as the G20 agreed to work on a 2 per...

29 July 2024 • By Christine Chen