Taxation

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


Tax Commissioner Chris Jordan.

ATO Commissioner Jordan on incorrect tax claims on rental income


While showing appropriate empathy, the ATO also needed to identify tax advisers who consistently use aggressive tactics.

ATO Commissioner: we’re getting better at identifying problem tax advisers


Under the new laws, a tax whistleblower has many contact points within and external to an organisation to make disclosures.

What the new tax whistleblower laws mean for disclosure


The majority of gamblers lose, so any additional government revenue from taxing winnings would be insignificant.

Should your gambling winnings be taxed?


When accountants allow or encourage dodgy tax claims, their clients speak with friends and the problem becomes greater for the entire industry.

Outrageous tax claims: why are they so popular?


Tax audit protection is not mandatory for accounting professionals and some prefer to self-insure – putting money aside to pay the costs should they or a client ever come under the spotlight.

Is it ethical to self-insure?


Without the systems and processes to cope with the rush, many practices struggle with the EOFY workload.

Not waving but drowning: How to cope with the EOFY tsunami


The ATO will be looking very closely at rental deductions this year and their detection methods are becoming more advanced.

Tax Office priorities for tax returns 2019


Single Touch Payroll is a great opportunity for streamlining payroll and reporting processes.

STP: pay day's digital revolution


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?


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