GST reviews to work deductions: Five takeaways for SMEs from ATO commissioner’s final speech
The entire 70-minute address is available for viewing online, but SmartCompany has highlighted five of the key points for small businesses.
GST registration to become “slower and potentially more difficult” after $2 billion fraud
After a $2 billion fraud wave, ATO commissioner Chris Jordan said the GST registration system will become slower and potentially harder.
Labor’s Stage 3 tax cuts aren’t enough. We need genuine tax reform
The original Stage 3 and its redesign will return more than $20 billion a year in accumulated bracket creep to taxpayers without doing anything much to boost economic growth.
Four-year gap in ATO small business fraud risk assessments exposed in Auditor-General report
The small business line of the ATO did not complete an external fraud assessment between 2019 and 2023, an ANAO report has revealed.
150 ATO officials investigated in massive TikTok GST fraud crackdown
At least 150 ATO officials have been investigated as part of a massive GST fraud crackdown, resulting in criminal proceedings and employment terminations, according to a bombshell report from the Auditor-General.
Trial underway in alleged $13 million PAYG tax fraud case
More than 100 hours of secret police recordings will be played at the trial of a group of men accused of illegally withholding over $13 million of tax from the government.
GST fraudster imprisoned after attempted $15 million construction scheme
A construction developer has been sentenced to ten years behind bars for attempting tax fraud valued at $15 million, in what the Australian Taxation Office calls the end to one of its longest fraud investigations.
Stage 3 tax cuts under the spotlight as opposition decides position
While the government has come under fire for breaking an election commitment to leave the Stage 3 tax cuts untouched, the opposition is expected to cement some form of support for the changes at a joint party room meeting.
ATO launches free SME training courses, giving founders a headstart on tax, super, and more
The Australian Taxation Office has launched its free education platform for small business owners, promising useful and informative courses for entrepreneurs at every stage of the business lifecycle.
How Labor’s Stage 3 tax cuts will benefit women workers
One aspect of Labor’s amendments to the Stage 3 tax cuts that has received limited coverage so far is the differing effects for workers by gender.
SME tax experts bracing for compliance cost of Stage 3 tax cut tweaks
Adjustments to Stage 3 income tax cuts will bring quiet compliance costs to small businesses and their advisors, one accountant says, as the profession calls for more holisitic tax reform.
Albanese heightens speculation over Stage 3 tax cut changes
As speculation swells over possible changes to controversial stage three tax cuts, Albanese said average-income earners would be the focus of relief measures.
