Claiming deductions for tax losses might seem like a common tax issue that doesn’t deserve much attention. Seems fairly straightforward – …
Claiming deductions for tax losses might seem like a common tax issue that doesn’t deserve much attention. Seems fairly straightforward – …
The ATO plans to conduct some 250 SME audits for the 2012-13 income year. In fact, those audits, being conducted by seven ATO audit teams, h…
Federal Parliament has ended for the year, but its last sitting week saw the introduction of legislation that will make some significant tax…
Australia has around half a million self-managed super funds (SMSFs), or DIY funds, holding over $450 billion in assets. These funds are run…
GST is not all about BASs and lodging them on time. That can be a difficult enough task as it is, but there’s more to GST than that. Belo…
Don’t hesitate. Don’t put it off any longer. Do it. Check your super! Why do I say that? Two reasons: To ensure you don’t pay a …
SMEs deal with the tax system and the ATO in a multitude of ways. It’s not always smooth sailing, but there are avenues for SMEs and others …
The ATO has been using benchmarking for some time in its compliance activities. However, a report by the Inspector-General of Taxation, Ali …
Although the ATO released its 2012-13 Compliance Program a little while ago, it continues to regularly run tax issues up the flagpole to mak…
The ATO has written to some taxpayers who have reported personal services income (PSI), but who may have incorrectly self-assessed themselve…
Failure to comply with the tax laws can have varying results. These range from the ATO issuing an amended assessment imposing penalties, to …
The clock is now running on the new taxable payments reporting regime for the building and construction industry which came into effect on J…
