Tax

Tax

ATO ruling flags common audit traps for self-education claims

Tax ruling TR 2024/3 outlines a common range of situations where self-education expenses will be denied or...

08 March 2024 • By Miranda Brownlee

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Tax

H&R Block outlines strategies ahead of 1 July tax cuts

Defer income until the new financial year, but don't fall foul of anti-avoidance rules, says a tax expert.

29 February 2024 • By Nick Wilson

Tax

Government, industry clash over controversial ‘recycling tax’

Opponents of the proposed levy to fund waste export regulation say it will be bad for the environment and hurt local...

28 February 2024 • By Christine Chen

Tax

Revised tax cuts pass both houses

A broader range of taxpayers are set to receive tax cuts from 1 July, with Labor’s tax cuts bill passing through the...

27 February 2024 • By Miranda Brownlee

Tax

The curious case of Mrs Bowerman

A recent AAT decision has examined the threshold test in the Myer Principle and how it relates to the acquisition of a...

23 February 2024 • By Phillip London

Tax

ATO’s hands tied with scrapping on-hold debts, expert says

The Tax Office lacks power under current laws to do anything about the wildly unpopular scheme despite plans to review...

23 February 2024 • By Christine Chen

Tax

GST fraud to see ‘grittier, slower’ GST registrations, ATO Commissioner warns

System changes made off the back off the GST refund fraud scheme may result in a more difficult GST registration...

22 February 2024 • By Miranda Brownlee

Tax

Everett assignments ‘dropping like flies’ as ATO cracks down

While the big end of town has copped the brunt of the ATO’s enforcement efforts on the income-splitting arrangements,...

20 February 2024 • By Nick Wilson