Tax

Tax

Landlords who ‘double dip’, fudge deductions in ATO crosshairs

The Tax Office has warned taxpayers to revise deduction rules and maintain proper records.

12 June 2024 • By Christine Chen

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Tax

Lost receipts to cost SMB owners $948m in unclaimed expenses

SMB owners are expected to miss out on claiming an estimated $948 million in unclaimed expenses due to damaged or lost...

11 June 2024 • By Miranda Brownlee

Tax

Victoria’s new tax regime to ‘significantly impact’ commercial propery

The new commercial and industry property tax is a complex regime that will impact cash flow and returns, a specialist...

10 June 2024 • By Miranda Brownlee

Tax

Tax time confusion spikes among small business owners, survey shows

Recent research indicates that a growing proportion of small business owners find the tax system and the process of...

10 June 2024 • By Miranda Brownlee

Tax

NFPs urged to check guidance before applying for private rulings

The Tax Office has experienced a surge in requests for private rulings by non-charitable NFPs as the new reporting...

07 June 2024 • By Miranda Brownlee

Tax

ATO ‘scrutinising’ section 109RB requests, practitioners warned

The ATO has cautioned practitioners and their clients not to rely on favourable discretion from the Tax Commissioner...

07 June 2024 • By Miranda Brownlee

Tax

Getting your house in order this year end

Time is running out to get your tax and superannuation affairs, and those of their clients, in order before year end.

06 June 2024 • By Robyn Jacobson, The Tax Institute

Tax

Instant asset write-off measure for 2024–25 introduced into Parliament

A bill to set the instant asset write-off threshold to $20,000 for 12 months over the 2024–25 income year has been...

05 June 2024 • By Miranda Brownlee