Tax office to scrutinise over $7 billion in car claims, concerned many are dodgy
Worried about dodgy car claims, the ATO says it will be giving added scrutiny to billions in work-related expenses this year.
Employers warned: Cash-in-hand tax “loophole” closing after black economy blitz
Employers paying cash-in-hand are being warned their tax deductions will be going out the window from 1 July amid an ongoing black economy crackdown.
Franking credits trap: Businesses warned to plan ahead this EOFY to avoid “tax leakage”
Franking credits should be front of mind for businesses this tax time as tax agents advise companies to think ahead to avoid tax leakage.
ATO single touch payroll wizard resigns less than three months from hard reporting deadline
The ATO has lost its single touch payroll program lead just months from the reporting deadline for hundreds of thousands of small businesses.
“Lean ships”: Cash-strapped small businesses plan to snub $30,000 instant asset write-off
While the government increased the instant asset write-off threshold to $30,000 earlier this year, businesses are looking for smaller purchases.
ATO to launch dob-in-a-business hotline in effort to crack down on $10 billion tax hole
The tax office is launching a whistleblower hotline, encouraging people to dob in business owners suspected of black economy activity.
“Long way to go”: ATO ramps up single touch payroll campaign as soft deadline looms
With the election in the rearview mirror, the ATO is ramping up its single touch payroll campaign ahead of the EOFY soft reporting deadline.
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.
Four EOFY tax hacks for small-business owners
Although it may seem daunting, there are some simple things you can do to boost your return come EOFY 2019 — and some may surprise you.
Startups with ESIC status offer investors attractive tax offsets. Here’s what you need to know
As end of financial year draws closer, I am getting a lot of queries from startups about ESIC status. And for good reason.
Everything you need to know about the ATO’s crypto tax crackdown
Smart individuals and businesses need to be alert to the ATO’s recently announced cryptocurrency-specific data-matching program.
The ATO is targeting five common mistakes this EOFY — here’s how to avoid them
Here are five common mistakes the ATO is taregtting this end of financial year — as well as how to avoid making them in your own business.
