Taxation

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


The bright-line test is a clearly defined rule that leaves little or no room for varying interpretations.

Understanding the bright-line test


The ATO is working on solutions to help smaller employers meet their STP obligations next year.

ATO seeks to streamline STP for small entities


We live in a highly digitalised society, where the concept of “public image” has a completely different meaning than it used to.

Pros and cons of 'fame tax' on celebrity image rights


India is experiencing an e-commerce boom as start-ups emerge and consumers jump on the digital bandwagon.

India's road to global economic powerhouse is paved with reform and innovation


As people age and retire they not only stop paying income tax but increasingly direct their spending to categories which do not attract GST.

Workers the losers as consumption taxes shrink


A random sample of 858 tax returns found an error rate of 72 per cent, with agent-prepared returns with an error rate of 78 per cent.

Work-related expense claims the main culprit as tax gap puts focus on tax agents


A measure intended to improve local housing affordability runs the risk of penalising Australians taking postings abroad.

Looming tax bills for expatriates


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