“Taxpayer-funded inheritance scheme”: Australia now has 32 SMSFs worth more than $100 million
Australia's wealthiest people are taking advantage of the superannuation system's favourable tax concessions.
Labor is sticking to its Stage 3 tax cut plans as business support measures weigh on the budget
The Albanese government says it has no plans to repeal a set of income tax cuts projected to cost $243 billion over 10 years.
Google AI spots 20,000 undeclared pools in $14 million tax windfall for French government
Artificial intelligence software developed by Google has found thousands of undeclared swimming pools in French backyards, resulting in a hefty tax bill for the owners.
“Do or die”: Tech players welcome government commitment to $1.55 billion “bonus” tax offsets for SMEs
Business bookkeeping platforms have welcomed draft legislation which could create $1.55 billion in "bonus" tax offsets for small businesses.
Canberra electric vehicle summit kicks off as Labor pledges to make zero-emission vehicles cheaper
Lawmakers, industry advocates, and car-lovers alike have descended on Canberra for a major electric vehicle summit, designed to increase EV uptake and remove barriers to their adoption by Australian drivers.
Why Labor can’t afford to ditch stage three tax cuts
Ditching the stage three tax cuts would be a disaster for Labor and a welcome fillip for a divided opposition.
As Parliament resumes, $1.55 billion in SME tech and training offsets remain in legislative limbo
Prime Minister Anthony Albanese has outlined his legislative agenda as Parliament resumes, without mentioning a massive tax offset scheme.
Volt urges customers to empty their deposit accounts as the neobank pioneer exits the banking sector
Volt on Wednesday confirmed the "difficult decision" to end its deposit-taking functions and return all deposits to its customers.
Small business owners can save thousands on tax thanks to these changes to law
The strategy involves deferring declaring income in your personal name, quarantining it in a company environment, and then declaring income after the tax rates become more beneficial for individuals in 2024.
It’s tax time and scams are everywhere. Here’s what to look out for
This year, scammers have already made headway on their tax-related harvest. The ATO has reported a rise in phishing attempts related to cryptocurrency tax evasion and offers of TFNs.
Six EOFY tax considerations to keep front of mind as June 30 approaches
Business owners place a high priority on optimising cashflow — often with less consideration and effort given to minimising and managing their tax liability.
ATO warns about yet another tax-time scam, urging Australians to look out for dodgy attachments
The Australian Taxation Office has warned taxpayers to look out for yet another email scam skimming login information from victims.
