Tax

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

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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

Tax

Frustrating reality of ATO overlooked in audit report

Favourable scorecard fails to align with the day-to-day experience of tax agents.

19 August 2022 • By John Jeffreys

Tax

Small-business debt a key target, ATO reveals

Increasing digitisation and lowering collectible debt are centrepieces of the office’s latest corporate plan.

18 August 2022 • By Philip King

Tax

Labor following through on tax pledges, says IPA

But the government has been silent on small-business incentives left over from the March budget.

16 August 2022 • By Philip King

Tax

‘Wholesale reform’ only route to sustainable tax system

With an ageing population and increasing pressures on the budget, the revenue base needs an overhaul, says Tony Greco.

15 August 2022 • By Philip King