Tax

Tax

FSC pushes for systemic tax reform ahead of election

The Financial Services Council is calling for lower corporate tax rates and for the composition of Australia’s taxes...

23 January 2025 • By Miranda Brownlee

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Tax

FBT, GST complexities flagged with $20k deduction proposal

Careful consideration of how the Coalition’s proposed $20,000 business deduction interacts with fringe benefits tax...

22 January 2025 • By Miranda Brownlee

Tax

ATO issues practice inbox reminder for tax professionals

The Tax Office has reminded tax professionals to check their practice inbox, as well as their assigned inbox.

20 January 2025 • By Imogen Wilson

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