Tax

Tax

Fair Work on warpath over slack payslips, poor record-keeping

Small business pay practices have become a target for Fair Work and big fines await those with compliance shortfalls,...
03 March 2023 • By Philip King

more from tax

Tax

Government doubles tax on super balances above $3m

Just 80,000 will be hit by the impost which “does not change the fundamentals of the system”.
28 February 2023 • By Philip King
Tax

How testamentary trusts can take the sting out of tax

For beneficiaries incurring high personal tax rates, the significant savings possible make them an attractive option.
24 February 2023 • By Suzanne Jones
Tax

Accountants must educate clients on PAYG instalments: ATO

Whether voluntary or mandatory, the Tax Office has warned agents to ensure their client understands their obligations.
22 February 2023 • By Josh Needs
Tax

TPB bans tax agent for five years over fraudulent grants

The agent falsified statements to support the inappropriate applications for grants.
21 February 2023 • By Josh Needs
Tax

‘When the audits start, all hell will break loose’

Professionals are being singled out to pay more tax under the ATO’s “discriminatory” profit allocation guidance, says...
21 February 2023 • By Philip King
Tax

Ampol pays $157m to settle transfer pricing dispute

The ATO welcomes arrangements with the company’s Singapore operations that stretch forward a decade.
20 February 2023 • By Philip King
Tax

Accountants face client backlash over blizzard of tax changes

Revised rules require fresh advice but clients often blame their tax professional, says Tim Munro.
20 February 2023 • By Philip King