Tax

Tax

GST, PAYG withholding a ‘significant portion’ of $50bn tax debt

Small businesses are increasingly falling behind on debts, with two-thirds of all debt owed by small business, the ATO...

05 April 2024 • By Nick Wilson

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Tax

Instant asset write-off measure still stalled in Parliament

The bill to increase to the instant asset write-off threshold is still yet to pass Parliament, with only three months...

02 April 2024 • By Miranda Brownlee

Tax

Tax Office ‘dredging up’ decade old director debts

The IGTO and insolvency firms have seen a spike in director penalty notices issued for companies liquidated several...

27 March 2024 • By Miranda Brownlee

Tax

ATO’s debts on hold campaign prompts new IGTO guidance

New guidance has been released on best practice principles for debt notifications in response to the re-activation of...

26 March 2024 • By Miranda Brownlee

Tax

Tax agents still failing Div 7A basics, ATO warns

The Tax Office has begun a year-long lecture series on Division 7A after finding most breaches related to...

25 March 2024 • By Christine Chen

Tax

$3m super tax to ‘disrupt’ small business and farmers, warns SMSFA

The government is facing renewed calls to consider alternative calculation methods for its Division 296 tax.

25 March 2024 • By Miranda Brownlee

Tax

Consultation or consternation?

It is time that the accounting profession and other stakeholders seriously ask whether the consultation processes with...

22 March 2024 • By John Jeffreys, John Jeffreys Tax

Tax

HLB Mann Judd flags tax traps for clients working offshore

Businesses and employees must ensure they are aware of the potential implications of working offshore to avoid...

21 March 2024 • By Miranda Brownlee