Four EOFY tax hacks for small-business owners
Although it may seem daunting, there are some simple things you can do to boost your return come EOFY 2019 — and some may surprise you.
Startups with ESIC status offer investors attractive tax offsets. Here’s what you need to know
As end of financial year draws closer, I am getting a lot of queries from startups about ESIC status. And for good reason.
The ATO is targeting five common mistakes this EOFY — here’s how to avoid them
Here are five common mistakes the ATO is taregtting this end of financial year — as well as how to avoid making them in your own business.
Taxpayer-subsidised waste: The instant asset write-off isn’t all its cracked up to be
The third leg of the government’s election tax package is an expansion of the instant asset write-off — but its not necessarily good for small business.
Airbnbers beware: The ATO is coming for property investors this tax season
The ATO has issued a warning to property investors about dodgy rental deductions, saying it will be keeping an eye out for bunk claims this year.
“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.
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.
ATO under microscope: Public sector veteran appointed to review small-business compensation
The Australian Taxation Office’s decisions on compensation for small business victims of “defective administration” are under review.
ATO involvement in government tax clinic trial raises questions about its integrity
It has emerged the ATO will be responsible for administering a tax clinic trial which will help businesses with ATO disputes.
Five tax tips for businesses looking to get ahead of the curve in 2019
The end of the financial year is only six months away and now is the time to start thinking about what tax time might look like for your business.
ATO warning as $800,000 stolen: Are data breaches fuelling sophisticated scams?
ATO phone scams robbed taxpayers of $800,000 in November, prompting a tax office warning ahead of Christmas.
‘Houses on the line’: Tax disputes to become easier for SMEs, but is earlier intervention needed?
Businesses with tax disputes will have an easier go of things under a new coalition policy, which will establish a dedicated concierge within the ASBFEO.