Posts tagged "tax"

The federal government has pledged its largest-ever "crackdown" on tax adviser misconduct after the PwC scandal, in a warning shot to industry professionals who fear small business accountants already face significant compliance burdens.

Australian leaders should consider reforming the tax landscape to kickstart productivity, Australian Industry Group chief executive Innes Willox says, highlighting a cash flow tax measure economists claim would benefit small businesses in particular.

The ATO is using AI models that can detect superannuation underpayments 90% of the time, according to ATO deputy commissioner Marek Rucinski.

One in four personal insolvencies recorded in June were business-related, as officials and bankruptcy professionals alike prepare for insolvencies to rise over the next year.

If you're working full or part time and also have a side hustle, tax time can be complicated. Here's some advice from professional accountants to help you.

The federal government has outlined its legislative plan for the Small Business Energy Incentive, framing expectations around the $20,000 'bonus' tax deduction while excluding out high-cost upgrades like new electric vehicles.

Small business and microbusiness owners are fronting up to the University of New South Wales tax assistance clinic with an average tax debt of $80,000.

A tax structure used by leading sportspeople, celebrities, and even influencers will now come under the ATO's scrutiny, thanks to new rules which define some earnings from an individual's 'fame' as personal income.

The Australian Taxation Office said its call centres were unable to keep up with demand on Friday, as taxpayers and business owners alike flooded the system with last-minute end of financial year queries.

SmartCompany asked experts from across the accounting field about how small businesses should optimise their tax return this year.

Taxpayers are being reminded by the Australian Taxation Office (ATO) not to rush lodging their annual income tax return from July 1.

Small business tax breaks valued at $1.55 billion have passed in the Senate, clearing the way for enterprises nationwide to claim up to $20,000 in bonus deductions this tax season.