Tax

Tax

ATO targets dodgy deductions for holiday homes

Thousands of dollars in claims “that would fail the pub test” contribute to $1.6bn tax shortfall, assistant...

06 December 2022 • By Philip King

more from tax

Tax

What the FTX fallout means for accountants

The dramatic collapse of the crypto exchange has left around 30,000 Australians on the list of more than 1 million...

30 November 2022 • By Keeli Cambourne

Tax

Firm profits allocation guide ‘a very blunt instrument’

PCG 2021/4 resolves the risk issue for just a small sliver of cases, says BDO tax partner.

28 November 2022 • By Philip King

Tax

[NEW] Bookkeeping Resources + Webinars

Download and register to access these exclusive resources this bookkeeping month.

18 November 2022 • By Ignition

Tax

Why time’s up for the mischief in off-market share buybacks

The refunding of excess franking credits supersizes the benefits of share buybacks and listed entities have exploited...

18 November 2022 • By Tony Greco

Tax

Buyback law closes loophole ‘but franking credits here to stay’

Assistant Treasurer guarantees dividend imputation scheme but says off-market share buybacks exploit a loophole that...

17 November 2022 • By Philip King

Tax

Crypto a ‘minefield’ of tax and regulation

Watch your step when dealing with digital assets and follow the ATO guidelines, accountants warned.

16 November 2022 • By Malavika Santhebennur

Tax

Budget increase plus CPI will push up lodgement penalties 35%

Fines for individuals could exceed $1,500 and for big business more than $750,000, says the Tax Institute.

15 November 2022 • By Josh Needs