Proposed tax changes to Division 7A
Small to medium businesses are to be affected by proposed tax changes to the Shareholder Loan rules in ...
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Common FBT errors employers make
The end of the FBT year is fast approaching and the ATO has revealed certain areas of concern ...
Targeted amendments to Division 7A
The Government is widening the scope of Division 7A to include unpaid present entitlements from 1 July 2019 ...
Small business CGT concessions
Small business owners (annual turnover of less than $2 million) are entitled to claim capital gains tax ...
Black Economy Taskforce findings
In its effort to facilitate a fair business environment, the ATO has offered continued support for honest businesses. ...
Digital currency no longer subject to double tax
The Government has announced that the GST treatment of digital currency, such as Bitcoin, is now the same ...
Deadline for 7-year sub-trust arrangements
The ATO has published a Practical Compliance Guideline PCG 2017/13 for those who used a 7-year sub- trust ...
ATO offers leniency to small business owners
Small business owners deal with many issues on a daily basis. Between managing staff, suppliers and customers, running ...
Tax compliance and the sharing economy
The ATO is reminding those who work in the sharing economy to be aware of their tax obligations. ...
ATO targeting fringe benefits tax
The ATO has fringe benefits tax (FBT) in its sights this tax time with a crackdown on employers that are deliberately ...
Speed up your BAS refund
As in any business, cash flow is a necessity. Having your business activity statement (BAS) refunded to you ...
A guide to negative gearing
Negative gearing is a common tax strategy used by property investors to offset the costs of owning a ...