Tax

Tax

GP clinics left with uncertainty on payroll tax, says KPMG

Medical centres are unlikely to get clarity on the issue until there is further litigation, the firm believes.

22 September 2023 • By Miranda Brownlee

more from tax

Tax

‘Depleted savings, credit card debt leave economy on last legs’

Maxed-out credit cards together with household savings at a 20-year low are alarming portents for the looming...

15 September 2023 • By Philip King

Tax

$20k instant asset write-off to get 1-year extension

The amendment will hold off the threshold reverting to $1,000 until June 30 next year.

15 September 2023 • By Christine Chen

Tax

Qld retreats from payroll tax on medical centre GPs

Treasurer promises ruling next week to confirm patient-to-GP payments will avoid the levy.

15 September 2023 • By Philip King

Tax

ATO interest charges soar to highest level since GFC

The general and shortfall rates for late tax payments rise for the eighth quarter in a row.

14 September 2023 • By Philip King

Tax

Division 7A loans a looming crisis, accountants warned

Accountants must proactively address their clients’ Division 7A loans with the interest rate jumping 73 per cent this...

13 September 2023 • By Miranda Brownlee

Tax

Accounting software subs eligible for 20% bonus deduction

The ATO specifies ongoing subscriptions for accounting programs as qualifying for the technology investment boost.

12 September 2023 • By Philip King

Tax

Side hustles run from home can trigger CGT, tax lawyer warns

Conducting a business at your main residence imperils the levy exemption when the house is sold.

11 September 2023 • By Philip King