Taxation

EOFY is a good time to check the financial health of your business. Comparing your results with previous annual figures and similar businesses in your industry will help you identify strengths and key areas of weakness or potential threats.

11 EOFY resolutions for your small business


Lighting, heating, and ventilation and cooling (HVAC) systems typically consume the most energy in a small business.

SPONSORED CONTENT: Energy-smart ways to use the EOFY instant asset write-off


Various ideas for digital taxes have been floating around the international tax community, using terms such as “virtual PE” and “formulary intangibles”.

Digital tax: what happens when the taxman takes on the cloud?


Practitioners filing in tax returns containing deliberately false claims from clients risk harsh penalties.

More tax agents risking sanctions on reasonable care


The great unknown with the BEPS Project is how affected multinationals will respond to moves to restrict profit shifting.

BEPS and the global crackdown on multinational tax evasion


The proposed trust tax policy will hit the standard of living of many small business owners and is raising significant concerns among CPA members and their clients.

CPA Australia: small business will suffer under proposed trust tax policy


What might seem on face value like a renovation only might have components of repairs. For instance, repainting an existing room would count as a repair.

5 tax tips when renovating property


CPA Australia has advised the committee that members are very unsupportive of any changes to the imputation credit system that would reduce investor returns.

Concern heats up over franking credits changes


Anyone can become a victim, regardless of age, gender or education level.

Scam watch: Tax scams on the rise


The two major political parties in Australia have contrasting views about who benefits from negative gearing.

Property investment: who really uses negative gearing?


For businesses and their accountants, payroll tax can be complicated and full of grey areas.

What your clients need to know about payroll tax and STP


Accounting practices should be alert to a growing number of pseudo tax audit protection services being offered that, on the surface, may seem like a cost-effective solution, but underneath effectively involve practices paying for a service with no insurance backing.

Accountants beware of junk insurance for tax audits


A plan to limit deductions for tax advice to A$3000 a year is running into some opposition.

Tax advice cap: limiting deductibility when taxpayers most need it


The ATO identified incorrectly-claimed work-related expenses as the chief cause of the tax gap found in a July 2018 report.

ATO reports tax agents over work-related expenses


TPB has been working closely with the ATO to examine data which shows about 5 per cent of tax practitioners have late lodgments with the ATO.

Late lodgments with the ATO: Time ticks down to pay the piper


CPA Australia supports the intent of tightening the rules for individual loans but has concerns about the proposed changes.

Division 7A tax law changes will hurt business investment


Tax evaders should be feeling the net closing

Net closing on tax evaders


Data from Deloitte Access Economics estimates that GDP per person in Australia is close to A$5000 higher due to the digital economy.

Digital economy raises tax questions


Many firms undergoing transformation overlook including their clients in the process, and ultimately end up imposing their changes without external consultation.

Include clients in your transformation journey: ATO


Despite a slow start, the number of electric cars on Australian roads is set to increase significantly.

Electric cars pose threat to tax revenue


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