Taxation

Foreign exchange: the overlooked business essential


JobKeeper ends but ATO audit activity on the program to continue


The discovery of double Irish Dutch “sandwich” structures used by some multinationals to circumvent tax laws brought the discussion into the public consciousness.

Do big businesses pay their fair share of tax?


Some economists insist that reforming the tax system is the only way to pull the nation back from the brink of economic disaster.

Is it time for tax reform?


2020 saw a lot of audit activity by the Australian Taxation Office and State Revenue Offices. Here are four of the most frequent claim types from the 2019/2020 financial year.

What does 2021 have in store for ATO audit activity?


CPA Australia and its members engage in informed debate on tax issues that can be broadly categorised under policy, legislation, administration and operations.

The role of CPA Australia in tax policy


COVID-related scenarios can rapidly change, so organisations need to ensure their plan is relevant and addresses all factors.

Untangling COVID-19 workplace requirements


There are going to be a lot of practices under even more pressure because clients are going to come in early and want their tax return completed.

Heavy lifting: Why tax time this year is more taxing


Clear documentation related to the nature of payments to directors and the commercial basis of any changes is important in the event of ATO enquiries.

Time to review long-held practices for directors’ fees


As tax agents have begun meeting with their clients, many are checking income received from the stimulus measures as part of income tax return discussions.

Tax time 2020: Economic stimulus and tax whistleblowers


People in business need to consciously maintain their mental wellbeing and the usual commonsense approaches still apply.

Stress management: COVID-19, tax time and the sum of our fears


This year, the ATO has introduced a shortcut method to claim deductions between 1 March 2020 and 30 June 2020 for work from home expenses at A80 cents per hour.

Dealing with disruption: Tax time and COVID-19


With COVID-19 also resulting in many of us working from home more often or even for the first time, the Australian Taxation Office (ATO) has announced a new shortcut method for work-from-home deductions.

How public practitioners can get ready for tax time


Discretionary trusts are on the Australian Taxation Office’s (ATO) radar as the regulator steps up its efforts to clamp down on tax avoidance.

Discretionary trusts in the ATO spotlight


Globally, most businesses have taken a major hit financially due to various governments’ responses to COVID-19, and many will not survive the COVID-19 lockdown phase.

Are higher taxes the best way to shore up the economy?


Property stamp duties are entirely pegged to market conditions, and therefore are an inherently unstable revenue source for the states and territories.

Should land tax replace stamp duty in Australia?


The Sydney Harbour Bridge is illuminated by a New Year’s Eve fireworks display on 31 December 1999. The Goods and Services Act was introduced earlier that year.

GST in Australia 20 years on: looking back on taxing times


In the past few federal budgets, the ATO has received funding increases that it has used to address the income tax gap and the black economy.

The ATO ups its compliance game. Here's what that means for taxpayers.


The Black Economy Taskforce estimated the black economy could be worth as much as 3 per cent of national GDP, or about A$50 billion a year.

Public swamps ATO tip-off line on black economy behaviour


According to figures provided by the AAT, last year about 30 per cent of people who took a tax dispute to the Tribunal were represented by their accountant/tax agent.

AAT a potential minefield for tax disputes


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