CGT on grant of easement or licence
Taxation Determination TD 2018/15, issued on 31 October 2018, considers the capital gains tax (CGT) [...]
Government announces super refinements
The Government has announced it will amend the super tax laws to address some minor [...]
GST reporting: common errors and how to correct them
Some businesses are making simple mistakes reporting their GST. The ATO reminds taxpayers that avoid [...]
Small business corporate tax rates Bill is now law
The company tax rate for base rate entities will now reduce from 27.5% to 26% [...]
ATO identifies 26,000 incorrect rental property travel expense claims
The ATO has identified 26,000 taxpayers who have claimed deductions during tax time 2018 for [...]
Work-related tax deductions down for 2018
The ATO has reported a decline in the overall value of work-related deductions for tax [...]
ATO set to issue excess super contribution determinations
The ATO has started issuing excess concessional contributions (ECC) determinations for the 2017–2018 financial year. [...]
Tax on compensation received for inappropriate advice
On the heels of the banking and financial services Royal Commission, the ATO has published [...]
Residential rental property travel expenses: ATO guidance
Since 1 July 2017, people, self managed super funds (SMSFs), “private” trusts and partnerships have [...]
Corporate tax rates and small business tax offset changes
The Bill to accelerate the reduced tax rates for base rate entities has passed through [...]