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Tax

Tax

Penalty amnesty tempts 7,000 small businesses back into tax system

UPDATED: The budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.
11 August 2023 • By Philip King

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Tax

Most taxpayers ‘in the dark’ about their return result

Widespread disappointment about refunds – or even money owing – should be unsurprising, according to a CPA Australia...
07 August 2023 • By Philip King
Tax

We’re in a recession – we just don’t know it yet

We are effectively in a recession already with near-zero GDP growth and many industries under pressure, says...
04 August 2023 • By Philip King
Tax

Average ATO refund tumbles $430 compared to last July

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.
03 August 2023 • By Philip King
Tax

ATO to triple credit referrals in ‘stronger actions’ on debt

The Tax Office plans to send out 50,000 intent-to-disclose notices this financial year as it chases billions owing.
31 July 2023 • By Philip King
Tax

TaxSmart Cafe duo navigate studied routes to success

A 90-degree turn from healthcare to financial health turned out to be a winning move for Isagani Manaois of TaxSmart...
28 July 2023 • By Philip King
Tax

Jordan to exit ATO in February after 10 years at helm

“I’m proud of everything we’ve achieved,” the Tax Commissioner said in an address to staff.
28 July 2023 • By Philip King
Tax

‘Aggressive’ ATO puts directors in front line for tax debts

The ATO has hardened its stance and director penalty notices are now its first resort, according to Tax Assure.
26 July 2023 • By Philip King