Tax

Tax

Common tax traps for residential rental properties

Getting claims right is more important than ever with the ATO’s increased focus on residential rental properties.

11 April 2024 • By Robyn Jacobson, The Tax Institute

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Tax

ATO issues alert on false invoicing arrangements

Businesses using illegal financing arrangements have been put on notice with the Serious Financial Crime Taskforce...

08 April 2024 • By Miranda Brownlee

Tax

ATO urges NFPs to start preparing for new reporting requirement

The ATO has warned the 150,000 not-for-profits who currently self-assess as income tax exempt to get ready for their...

05 April 2024 • By Miranda Brownlee

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

Tax

Households face highest tax levels in 2 decades, analysis shows

State and federal governments must make a concerted effort to curb spending or risk a record tax blowout, according to...

05 April 2024 • By Christine Chen

Tax

Common FBT mistakes flagged as FBT season kicks off

BDO has outlined several areas within fringe benefits tax that employers and accountants should pay close attention to.

03 April 2024 • By Miranda Brownlee

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