Terry Hayes is the editor-in-chief of tax news reporting at Thomson Reuters, a leading Australian provider of tax, accounting and legal information solutions.
The 2015-16 federal budget announcement that small businesses (i.e. businesses with aggregate annual turnover less than $2 million) would be…
How does the saying go (often attributed to British Prime Minister Benjamin Disraeli): “There are three kinds of lies: lies, damned lies, an…
The trading stock of a business is the lifeblood of that business. But in certain industries – for example, bakers, butchers, greengrocers…
Technology is having an increasing impact on the way taxpayers interact with the Tax Office. For example, it is making it easier and simpler…
Contractor payments is an area that has concerned the Tax Office for quite some time now. Contractors come and go and they tend to be what m…
For the tax and superannuation systems to work, the Australian Tax Office says it needs the community’s confidence that they are fair for ev…
A company claiming to carry on a land development business in Victoria has been unsuccessful before the Administrative Appeals Tribunal (AAT…
When a taxpayer disputes an assessment made by the Tax Office, it is the taxpayer that bears the burden of proving that the assessment is ex…
Less than two months ago the government announced it would cut red tape for employers by simplifying tax and superannuation reporting obliga…
A recent case in the Administrative Appeals Tribunal has again shown the importance of having proper records and evidence when the Australia…
Self-managed super funds are, and have been, flavour of the month for some time now. The opportunities SMSFs provide for people to control t…