Posts tagged "EOFY 2018"

The small business tax gap eclipsed $11 billion in 2015-16, so the tax office is stepping up efforts to curb black economy activity.

The ATO has this week announced a widespread random crackdown on millions of Australian taxpayers after a tax gap of over $8.7 billion was uncovered.

Small businesses, get ready to pop the champagne and delete the 120 emails from your accountant, it's almost the end of financial year.

From the minimum wage increase to food labelling laws, here are key July 1 legal changes Australian small businesses need to know about.

The skies are dark, the sales are on, and every ringing phone strikes fear into the hearts of Australia’s accountants. Yep, it’s that ti…

In an unexpected move, the Australian Greens party have attempted to push an amendment to the highly popular instant asset write-off for small businesses through the House of Representatives, seeking an additional write-off scheme with a higher expenditure limit for clean energy assets.

Businesses and individuals have been warned by the ATO against claiming “standard” deductions come July 1, with experts saying justification is necessary no matter how small the deduction.

From home office expenses to income from sharing economy platforms, the Australian Taxation Office looks to be casting its net wide when it …