Tax

Tax

Flick to electricity for 20% tax deduction, small business told

Tradies, manufacturers and restaurants to get a budget bonus for moving away from gas or for upgrading appliances.

02 May 2023 • By Philip King

more from tax

Tax

Understanding Child Support: Impacts on Finances and Borrowing Capacity

When a couple separates, decisions relating to the care arrangements of children becomes a primary issue. The amount...

26 April 2023 • By Justice Family Lawyers

Tax

Trust tax laws in need of ‘urgent reform’, warns IFPA

The current rules around the taxation of trusts is creating inefficiencies and should be reviewed, according to the...

26 April 2023 • By Miranda Brownlee

Tax

Accountants ‘should take lessons from other sectors’

Accountants can learn a lot from other industries, says Rob Pillans, founder and principal consultant at Planet...

21 April 2023 • By Philip King

Tax

How to avoid CGT on deceased estate property

Claiming full main residence exemption relies on a range of conditions being met.

21 April 2023 • By Suzanne Jones

Tax

Give $3m-plus super balances free rein to restructure: NTAA

Tax-free, age-unrestricted withdrawals should be allowed before the extra tax is imposed, says accounting body.

18 April 2023 • By Philip King

Tax

Trust in eligibility checklist when it comes to MITs, ATO warns

The ATO will be notifying accountants where an ineligible trust type has wrongly claimed status.

17 April 2023 • By Philip King

Tax

ATO boosts data-matching arsenal to close $1.3bn rental property gap

Nine out of 10 rental claims are wrongly filed but the Tax Office is cracking down on compliance in a move that gets a...

14 April 2023 • By Josh Needs and Philip King