Government to establish $2 billion fund for small business lending
The Government has announced that it will establish a $2 billion Australian Business Securitisation Fund [...]
ATO scam alert: fake demands for tax payments
Although tax time 2018 is over, the ATO has warned taxpayers and their agents to [...]
First Home Super Saver scheme and downsizer super contributions: ATO guidance
In November 2018, the ATO issued a Super Guidance Note to provide people with general [...]
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. [...]