Tax

Tax

What the FTX fallout means for accountants

The dramatic collapse of the crypto exchange has left around 30,000 Australians on the list of more than 1 million...

30 November 2022 • By Keeli Cambourne

more from tax

Tax

Why time’s up for the mischief in off-market share buybacks

The refunding of excess franking credits supersizes the benefits of share buybacks and listed entities have exploited...

18 November 2022 • By Tony Greco

Tax

Buyback law closes loophole ‘but franking credits here to stay’

Assistant Treasurer guarantees dividend imputation scheme but says off-market share buybacks exploit a loophole that...

17 November 2022 • By Philip King

Tax

Crypto a ‘minefield’ of tax and regulation

Watch your step when dealing with digital assets and follow the ATO guidelines, accountants warned.

16 November 2022 • By Malavika Santhebennur

Tax

Budget increase plus CPI will push up lodgement penalties 35%

Fines for individuals could exceed $1,500 and for big business more than $750,000, says the Tax Institute.

15 November 2022 • By Josh Needs

Tax

Higher tax or audit: the professional firm profits dilemma

Warn clients now about what PCG 2021/4 means for allocations, accountants told.

15 November 2022 • By Josh Needs

Tax

Offspring living with parents miss out on 67c WFH rate

Paying “board” is a private arrangement says the ATO and cannot be used to claim the revised 67c fixed work-from-home...

11 November 2022 • By Philip King

Tax

WFH 67c fixed rate ‘opaque and too demanding’

Tax professionals slam the ATO’s revisions for their increased record-keeping requirements and say the rate leaves...

10 November 2022 • By Philip King