Lower SME company tax, limit negative gearing and ditch franking credits: How to pay for our ballooning debt
At the end of this financial year, our federal debt will exceed $320 billion. We will need real tax reform to reduce our ballooning debt levels.
ATO to offer small businesses tax relief in response to coronavirus
The Australian Tax Office says it will provide relief to businesses affected by COVID-19 in the form of payment deferrals and faster access to GST refunds.
Company directors will soon be liable for unpaid GST: A guide to managing your obligations
From 1 April 2020, Australian company directors will be personally liable for their company’s unpaid GST. Here's what you need to do to minimise your risk.
New GST rules ‘level the playing field’ for independent hotels, ATO says
The tax office says new rules bringing some multinational online travel agents under the GST blanket will 'level the playing field' for SME operators.
“Audacious”: Fake cigar entrepreneur jailed for dodgy business tax claims
A man who submitted dodgy business tax claims has been sentenced to two-years-four-months' jail time.
Four years’ jail for business owner convicted of almost $600,000 in tax fraud
A Brisbane-based business owner has been convicted of defrauding taxpayers by nearly $600,000.
Who, when and where: The ATO will visit 1,800 small businesses before tax time in a black economy blitz
The ATO will be visiting more than 1500 small businesses between now and tax time. Here's the who, when and where you need to know.
‘Human error’: 7-Eleven, Caltex singled out by ACCC over axing of tampon tax
Caltex and 7-Eleven have been singled out by the ACCC for being laggards in reducing prices following a decision to axe the tampon tax.
Four years’ jail for accountant who lodged tax returns without permission
A Perth-based accountant has been jailed for four years for trying to obtain over $250,000 from clients and the ATO fraudulently.
Uber, Airbnb could be forced to share user data with the ATO in a government tax crackdown
Treasury has released a consultation paper canvassing views on better ways to promote tax compliance in the sharing economy, including Uber and Airbnb.
Geo-blocking foreign websites considered as government crackdown on dodgy retailers looms
Geo-blocking foreign retailers found to be defrauding the Commonwealth has been raised as a potential solution to unfair competition on local businesses.
Amazon backflips on blocking Aussies from US purchases after GST law changes
Amazon has reversed its decision to block Australian shoppers from purchasing products from its international sites, just in time for Black Friday.
