Industry professionals have expressed surprise at the Tax Office’s warning to business that they should not claim deductions for directors’ …
Industry professionals have expressed surprise at the Tax Office’s warning to business that they should not claim deductions for directors’ …
Industry experts say taxpayers will be worse off under the new regime for motor vehicle fringe benefits tax, urging businesses to determine …
Correctly claiming tax losses or returning capital gains are two very basic elements of the tax system that continue to cause problems. The …
It’s been a big year for tax. With new laws on trusts, unpaid entitlements, and fringe benefits, entrepreneurs can’t be blamed for feeling a…
The Government has released a discussion paper outlining new rules for contractors in the building and construction industry, which would fo…
Accounting groups have welcomed the Government’s plans to introduce legislation to give certainty on the streaming of income within trusts, …
A review of taxes imposed on retailers and a reduction in the low-value import threshold from $1,000 to $100 are just some of the proposals …
Small businesses are fearing another hit to their bottom line with Australia Post announcing a 1% fuel surcharge for all domestic and intern…
The Opposition has reacted furiously after a Labor MP claimed the now-defunct Entrepreneurs’ Tax Offset encouraged businesses to ignore ma…
Using trading stock for private or domestic purposes is common in a number of businesses, eg. bakers, butchers, greengrocers, milk bars, gen…
Most small business owners are pretty close to their business. For many, it is a major part of their life and the distinction between person…
The ATO is stepping up efforts to target rorting of tax-free living-away-from-home allowances, amid fears employers and employees are using …
