Finance

The Australian Taxation Office will offer an amnesty to small businesses which have fallen behind on their payments.

Cash flow support for small businesses will come through a halving of the adjustment factor applied to Pay As You Go (PAYG) and GST instalments.

The instant asset write-off threshold will temporarily rise to $20,000, giving small businesses another chance to invest in their operations and immediately deduct the full cost of depreciable expenses from their tax bill.

Users of the Australian Taxation Office's online portal reported outages as late as Tuesday afternoon, with the tax office yet to detail the cause of technical difficulties causing almost a week of disruptions.

The Albanese government's pre-budget announcement of $20,000 for SMEs may not be everything it's cracked up to be, critics say.

Technical difficulties have plagued the Australian Taxation Office's online services for nearly a week, disrupting tax agents trying to complete returns before a major reporting deadline and raising concerns of further setbacks as a new cut-off date approaches.

Up to 3.8 million small and medium-sized businesses will benefit from the tax incentive to make their energy usage more sustainable and efficient.

Reminder: Influencers and companies need to declare luxury gifts at tax time this year as the ATO employs data technology to sweep social media.

The best word to describe the way Australia taxes alcohol and alcoholic drinks is “incoherent”. Here's why.

The ATO is concerned people looking to comply with the law will rely on tools that produce unreliable information — especially if those AI responses use information sourced overseas.

The former treasury secretary has declared the Australian taxation system is in “a parlous state” and called for “big bang” tax reform.

I recognise most of you don’t want to hear this, but I have a tip on how to lead a happier and more productive life. Be happy about paying taxes.