Tax cuts left, right and centre: Here’s an explanation you’ll understand
With all the announcements about tax over the past few days, from both the coalition and Labor, it’s hard to keep track. So here it goes.
The two glaring tax issues that weren’t addressed in the budget
There are two tax issues the government seems unwilling to resolve: the taxation of trusts and anti-avoidance measure Division 7A.
Tax watchdog calls for compo scheme for accountants hurt by ATO system outages
The tax watchdog has called on the ATO to introduce a compensation scheme for tax agents disadvantaged by system outages in a recent report.
SMEs celebrate proposed $30,000 instant asset write-off increase — but many still don’t know how it works
Australian small-business owners are celebrating the government's proposed boost to the popular instant asset write-off scheme.
“Very rewarding”: Tax office recoups $500 million in revenue from phoenixing crackdown
The ATO has retrieved more than $500 million in taxpayer funds thanks to a four-year-long crackdown on illegal phoenixing.
“Latent risk”: Businesses warned about employee backpay claims after ATO clarifies superannuation law
Businesses paying leave loading are being warned to check their books after the ATO clarified how superannuation applies.
Deli deceit: Man jailed for seven years after claiming $5 million for his wife’s retail website
A man who claimed it cost $5 million to build a website for his wife's deli business has been jailed for seven years for tax fraud.
A $10 billion deficit: Small businesses are Australia’s biggest tax dodgers, ATO says
The ATO is targeting cash-only businesses in a crackdown on $10 billion in unpaid small-business income tax, Chris Jordan has said.
“Ironic”: ATO manager joked about issuing business crushing garnishee notices, IGTO finds
An investigation has found no evidence of an ATO cash grab but has identified localised issues at a site in Adelaide with garnishee notices.
“Small business killer”: ATO dispute debt recovery to be reviewed
ATO powers to pursue small businesses for unpaid taxes even when they are disputing their bill will be examined by ASBFEO.
Multi-pronged student visa tax sting lands man in jail
The ATO, federal police and border force were mobilised to deal with a student visa tax scam which has landed a man in jail for over two years.
ATO to visit 4,000 businesses in black economy blitz as new benchmarks are released
The ATO has warned it will be increasing enforcement activity in the lead up to EOFY by conducting more than 4,000 black economy checks.
