As Australia sinks into a deep post-pandemic recession, a number of academics and tax system experts are demanding tax reform be put at the top of the government's agenda.
In the ever-evolving world of tax policy, a broad range of stakeholders regularly engage to resolve complex design and implementation changes across the tax system.
The coronavirus pandemic has increased the complexity of workplace laws. It gets more confusing if your business is based in multiple states.
After the most turbulent year in recent history, a bushfire crisis and COVID-19 have complicated tax claims this financial year. Accountants can expect the unexpected.
The changing requirements for reporting directors’ fees have intersected with COVID-19 economic stimulus measures, activity statement reporting and Services Australia increasing potential compliance risks. Several issues have arisen which demand attention.
COVID-19 economic stimulus measures provided many businesses with much-needed support. However, accountants may come across clients who have rearranged their affairs in concerning ways to get access to these measures. Here are options for CPAs who encounter these situations and the protections afforded by the tax whistleblower laws introduced last year.
From a client’s perspective, CPAs are the antidote to complex – and occasionally overwhelming – financial stress. This year, with the coronavirus pandemic and growing global uncertainty, the job is more difficult than ever. When it comes to severe stress, who helps the accountants?
COVID-19 has impacted upon the lives and businesses of all Australians. With tax time upon us, the ATO continues its focus on rental property and work-related deductions while taking a sympathetic approach to struggling taxpayers.
The end of the financial year is always a busy time for accountants, and for many, this year will be busier than ever. Here's how to tick all the right boxes with your clients.
As the ATO renews its focus on tax avoidance, section 100A, a 40-year-old provision in the Income Tax Assessment Act, is under review.
Three experts discuss if higher taxes are the best way forward, covering productivity, jobs and business growth, government policy and more.
Its critics say stamp duty is an unstable revenue source that creates inefficiencies in the housing market, because it is substantial and can influence people's decisions to sell and buy property. What is the alternative?
Australia's goods and services tax (GST) was introduced, with much controversy, 20 years ago this year. It's now entrenched, but does it need an overhaul?
New technology and a different approach mean that the Australian Taxation Office has taken its game to a new level. Tax advisers need to pay attention.
The Australian Taxation Office is continuing its crackdown on the black economy, with increasing help from the public.
Blurred lines and controversial decisions mean that going to the Administrative Appeals Tribunal can be a risky proposition.
Tax Commissioner Chris Jordan says the Australian Taxation Office (ATO) is focusing on rental income as it pays more attention to “individuals not in business”.
In an interview with INTHEBLACK, Australian Taxation Office (ATO) Commissioner Chris Jordan warns that his staff are getting better at identifying problem tax advisers and taking action.
New tax whistleblower laws came into effect on 1 July. Here's what you need to know about disclosure.
Winnings from gambling are tax free in most jurisdictions. Would there be any point to taxing winnings?