Finance

The Albanese government has introduced tax cuts to electric vehicles in its first sitting week, but this won’t help most Australians afford one.

The ATO has unveiled new data on its 'shadow economy' enforcement activities, as it cracks down on unregulated transactions estimated to keep $11 billion from the taxpayer each year.

The new financial year is a perfect opportunity to get into good habits so you can set your business up to flourish.

A platform where users can trade crypto assets alongside traditional financial assets is an example of the mainstream adoption of digital assets.

Australians seeking to register a name for a company or business, or renew the name of their business, will face slightly higher fees from July 1. 

The strategy involves deferring declaring income in your personal name, quarantining it in a company environment, and then declaring income after the tax rates become more beneficial for individuals in 2024.

The Australian Taxation Office has warned taxpayers about making false claims to combat the rising cost of living, or engaging in 'wash sales'.

This year, scammers have already made headway on their tax-related harvest. The ATO has reported a rise in phishing attempts related to cryptocurrency tax evasion and offers of TFNs.

The defrauded amount in a viral tax scam has blown out to $1 billion as the ATO cracks open a GST con that saw perpetrators claiming money for businesses that didn't exist.

Business owners place a high priority on optimising cashflow — often with less consideration and effort given to minimising and managing their tax liability.

The Australian Taxation Office has warned taxpayers to look out for yet another email scam skimming login information from victims.

Here are how certain government grants will factor in your business tax return, including COVID-19 and natural disaster support payments.