ATO Increases Its Scrutiny On Work-related Expenses
Despite wide publicity on the issue, the ATO has reminded taxpayers that it is increasing [...]
Further Guidance For Tax Losses Via A New “Similar Business” Test
The ATO has released a draft guideline on how they will apply the new “similar [...]
Foreign Resident CGT Withholding: Early Recognition Of Tax Credit
The Commissioner has made a determination to modify the time at which the vendor is [...]
Budget Changes To Foreign Resident CGT: Draft Legislation
Draft legislation has been released to implement 2017–2018 Federal Budget measures relating to the CGT [...]
Bill To Increase Medicare Levy
The Medicare Levy Amendment (National Disability Insurance Scheme Funding) Bill 2017 has been introduced to [...]
Companies Should Consider Reporting Tax Liabilities: AASB
Sometimes it’s unclear how tax law applies to a company transaction or circumstance and how [...]
ASIC Takes Action On Super Fund Disclosures
Under Australia’s superannuation law, super funds must disclose transparency information on a website and keep [...]
Tax Assessments Confirmed For Undisclosed Business Income
The Administrative Appeals Tribunal has ruled that the ATO was correct to issue tax assessments [...]
Federal Court Rules On PAYG Avoidance
The Federal Court and Administrative Appeals Tribunal have agreed with the ATO that a business, [...]
Small Businesses
Asset write-offs Small businesses with a turnover of less than $10 million can get an immediate [...]