Chalmers: Surplus still the target, small business tax rate unlikely to change in federal budget
Australia's company tax rate is unlikely to change in the upcoming federal budget, says Treasurer Jim Chalmers, suggesting a combination of targeted tax breaks and incentives will anchor the economic blueprint.
Massive tax consequences coming for 42,000 small businesses ‘disengaged’ from ATO
More than 42,000 small businesses are reportedly "disengaged" from the Australian Taxation Office, risking massive consequences when overdue payment rules change in 2025.
ATO issues new false invoice warning to businesses scamming the tax system
The Australian Taxation Office has dodgy invoicing in its crosshairs, warning businesses that the Serious Financial Crimes Taskforce is ready and able to take action.
‘Won’t pretend to have all the answers’: New ATO chief pledges to listen to SMEs
New Commissioner of Taxation Rob Heferen has introduced himself to the small business community with humility, using a conference to admit he has much to learn about life in the private sector.
Senate votes for $30,000 instant asset write-off, expanded eligibility for SMEs
The instant asset write-off scheme will cover purchases worth $30,000 and will expand to medium-sized businesses, according to amendments passed in the Senate that significantly expand a plan put forward by the Albanese government.
ATO, government agencies urged to keep “people at the centre” when discussing debts
"Confused or unclear communication" can cause unnecessary stress for business owners and individuals who owe tax, says Inspector-General of Taxation Karen Payne.
ATO ‘robotax’ debt recovery letters prompt new guidelines from government watchdogs
The ATO said it is committed to improving its communications to taxpayers about debt using the guidelines provided by the Ombudsman and Inspector-General.
ATO goes after $29.8 million owed by tax advisers
ATO officers have identified $29.8 million in liabilities from engagements with tax advisers who have failed to keep their affairs in order.
Seventeen properties raided over suspected use of tax-dodging point of sale technology
The crackdown on businesses suspected of using technology to obscure their tax obligations continues, with the Australian Taxation Office confirming raids on 17 premises in the past fortnight.
The R&D tax incentive deadline is approaching. Here’s what businesses should know
Introduced by the federal government in 1986 and updated in 2011, the R&D tax incentive is jointly administered by the ATO and AusIndustry.
Atlassian commits to Australian IP retention in landmark $92 million settlement with ATO
Software giant Atlassian has settled a $92 million tax dispute with the ATO and has promised to keep its IP in Australia.
‘Robotax’ highlights the gaps in Australia’s taxation system. But there’s a fix
Imagine believing you owed nothing to the ATO, and finding out decades later that you did, and that the tax office had been accruing interest and penalties on it for decades.
