Tax

Tax

ATO boss outlines future ‘where tax just happens’

Agents that rely on high-volume business will be unviable within five years, Chris Jordan says, with full digitisation...

08 September 2022 • By Philip King

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Tax

Chalmers revives 120% deductions for spending on skills, digital

The small business incentive measures, worth $1.5 billion, will be backdated to March.

30 August 2022 • By Philip King

Tax

Declare cash sales or run the risk, business told

Off-the-books transactions and side hustles have a habit of showing up the ATO’s tracing technology, says Assistant...

30 August 2022 • By Philip King

Tax

A trio of trip-wires businesses should avoid, says ATO

Wayward habits accentuated by the pandemic will be a compliance focus.

29 August 2022 • By Philip King

Tax

Redraw blurred lines between work and home, ATO warns

Lines between expenses related to business and personal use that became fuzzy during the pandemic need to be brought...

26 August 2022 • By Philip King

Tax

Electrical vehicle incentives ‘add fuel to fire’

Proposed FBT exemption would benefit a select few but other initiatives would have greater impact, says IPA.

24 August 2022 • By Philip King

Tax

Quiz clients on second-hand rental write-downs, ATO warns

The office outlines strict rules over which depreciating assets can be claimed.

24 August 2022 • By Josh Needs

Tax

180k July returns needed fixing, says ATO

Thousands required adjustment due to taxpayers jumping the gun on lodgements or changing prefills.

22 August 2022 • By Philip King