ATO Update On Manage ABN Connections
The ATO says feedback from tax professionals on the Manage ABN Connections identified that further [...]
Instant Asset Write-off Extended For Small Business Entities
The Treasury Laws Amendment (Accelerated Depreciation For Small Business Entities) Act 2017 extends the period [...]
Tax Cut For Small Business: ATO Will Amend Returns
For the 2016–2017 income year, the company tax rate for small businesses decreases to 27.5%. [...]
Draft Legislation: Financial Complaints And Dispute Resolution
As part of the 2017–2018 Budget, the Government announced that it would create a new [...]
Car Expenses For Transporting Equipment Disallowed
A taxpayer working as a stevedore has been denied a deduction for car expenses incurred [...]
Transfer Pricing
Chevron: interest rate on borrowing not arm’s length In a major transfer pricing judgment, the [...]
Budget Updates
Foreign owners of “ghost” property The 2017–2018 Federal Budget announced that the Government will introduce [...]
Bill To Reduce Corporate Tax Rate
The Treasury Laws Amendment (Enterprise Tax Plan No 2) Bill 2017 has been introduced to [...]
Deductions For Super Funds: Major Ruling Update
The ATO has issued an important ruling to clarify its views on the deductions available [...]
Draft Legislation: LRBA Integrity Measures For Pension Cap
New exposure draft legislation contains integrity measures for limited recourse borrowing arrangements (LRBAs) as part [...]