Legislation passed to make COVID-19 support payments for businesses tax-free
Small businesses will not be required to pay tax on COVID-19 business support payments provided by the federal government, after both houses of parliament passed new legislation this week.
Calls for tax write-offs for wasted perishables, as small food distributors’ revenues plummet 70% in NSW
The ongoing closure of cafes and restaurants across Greater Sydney will devastate small food distributors, with revenues already plummeting 70%, the peak industry body says.
SMEs have less than one week to switch from the ATO’s business portal to online services
SMEs now have less than one week to make the switch from using the ATO's business portal to the new online services for business platform.
Australians are going to pay more tax post-COVID
The biggest unstated message from the intergenerational report released during the lull between lockdowns is that we will need more tax.
Australia’s poor R&D performance could be turned around within the decade. Here’s how
A recent analysis suggests the federal government could turn around Australia’s performance on research and development within a decade.
Victoria’s windfall gains tax: What does it mean for property development?
Developers looking to see how Victoria’s new windfall gains tax could hobble property development projects should be keeping an eye on the races, writes Pitcher Partners’ Craig Whatman.
Retired small business owners granted more than $85,000 tax relief in dispute with the ATO
The Administrative Appeals Tribunal has overturned the tax office's decision to pursue $106,576 in tax debts from the owners of a family freight and transport business.
New laws for small businesses kick in on July 1: Here are all the changes you need to know
A range of legal changes is set to occur at the start of the new fiscal year. Here are the key changes affecting small and medium businesses.
The ATO is targeting these three common mistakes this EOFY
The tax office says it will focus on addressing these three common issues with small-business tax returns this end of financial year.
Cheat sheet on depreciation: Temporary full expensing, instant asset write-offs, and traditional depreciation
Reduce your taxable income by using temporary full expensing measures to instantly write off the full value of asset investments.
Checklist for SMEs: Maximising your tax deductions this EOFY
Use this simple checklist to ensure you're not missing out on any deductions or paying more tax than you are legally required to.
Tax agents hit by ATO service disruptions as EOFY looms
During what is perhaps their busiest time of the year, some tax and BAS agents have been unable to access all of the ATO’s online services.
