Property used for storage an active asset for small business CGT concession purposes
The Administrative Appeals Tribunal (AAT) has decided that a property a small business owner used [...]
ATO finds 90% error rate in sample of rental property claims
ATO Commissioner Chris Jordan has advised that as part of the ATO’s broad random enquiry [...]
Super guarantee amnesty not yet law: ATO will apply existing law
The ATO reminds businesses to be aware that under the current law, if they have [...]
Single Touch Payroll: low-cost solutions now available
Single Touch Payroll (STP) is a payday reporting arrangement where employers need to send tax [...]
Compensation for defective ATO administration: review announced
Mr Robert Cornall, a former Secretary of the Attorney-General’s Department, will lead a review of [...]
Early recovery of small business tax debts: ATO to be scrutinised
Minister for Small and Family Business Michaelia Cash has asked Australian Small Business and Family [...]
ATO small business benchmarks updated
The ATO has released its latest small business benchmarks, providing over 100 different industries with [...]
Tax concierge service available to small businesses
The Small Business Ombudsman, Kate Carnell, has announced that taxpayers wanting an external review of [...]
Things to get right this FBT season
Fringe benefits tax (FBT) returns will soon be due and as always, it’s vital to [...]
Company losses “similar business test” Bill passes
Legislation originally introduced in March 2017 to supplement the “same business test” with a more [...]