Tax

Tax

Court action ‘now ATO’s first resort for non-compliant sole traders’

Thousands of sole traders unwittingly put their family assets at risk, warns Worrells principal.
22 August 2023 • By Philip King

more from tax

Tax

Why a bright-line residency test must focus on certainty, equity

There will be pitfalls for expats and departing businesspeople if the proposed rules pass unchanged.
18 August 2023 • By Peter Bembrick
Tax

Taxpayers get refunds despite having debts on hold

ATO says “an issue” means the offsetting system is failing to pay down outstanding amounts.
18 August 2023 • By Philip King
Tax

Medical centres confront $600k payroll tax bills or closure

The RACGP says retrospective assessments already threaten practices in regional Victoria and NSW.
16 August 2023 • By Philip King
Tax

NSW, Victoria prescribe GP payroll tax without amnesty sweetener

UPDATED: State revenue rulings clarify that medical centres will be liable for the levy under service fee arrangements.
15 August 2023 • By Philip King
Tax

IPA celebrates centenary with gala dinner, appetite for future

“We pride ourselves on our personal connection with our members and our focus on supporting small businesses,”...
15 August 2023 • By Philip King
Tax

‘AI only a threat to firms which renounce it’

Artificial intelligence will never usurp accountants, although firms that fail to embrace the technology have the most...
11 August 2023 • By Philip King
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