GST reviews to work deductions: Five takeaways for SMEs from ATO commissioner’s final speech
The entire 70-minute address is available for viewing online, but SmartCompany has highlighted five of the key points for small businesses.
“Imagine the possible”: ATO commissioner envisions BAS-free future for small business
Outgoing Australian Taxation Office commissioner Chris Jordan has reaffirmed the office's commitment to a fully digital tax system, asking taxpayers to imagine a potentially "BAS-free" future for small businesses.
Treasury’s tax adviser crackdown could unfairly hit small business accountants
The federal government has pledged its largest-ever "crackdown" on tax adviser misconduct after the PwC scandal, in a warning shot to industry professionals who fear small business accountants already face significant compliance burdens.
The doctor is in: Australia’s ten highest-paid occupations revealed in ATO data
Medical professionals dominate the list of Australia's top-earning occupations, with the nation's top taxpayers clustered in New South Wales' most exclusive suburbs, new Australian Taxation Office (ATO) data reveals.
‘Love thy taxes’ for a happier life: Yes, really!
I recognise most of you don’t want to hear this, but I have a tip on how to lead a happier and more productive life. Be happy about paying taxes.
Is your business late on its tax payments? ATO fines will soon become significantly more expensive
Small businesses which fall behind on their tax lodgements can expect their financial penalties to increase dramatically from January 1, 2023, with more rises to follow.
Budget 2022: COSBOA calls for $23 million SME cyber investment, softens multi-employer bargaining language
COSBOA is pushing for new government spending on SME skills training and resilience measures while softening its language on multi-employer bargaining.
ATO winding up applications on the rise as pre-pandemic compliance measures return in force
The ATO is accelerating its use of company wind up applications, risk reporting firm Alares says, suggesting the return to pre-pandemic compliance measures is well and truly underway.
Election 2022: Here’s what small businesses should know about tax policies
Ahead of the federal election on May 21, SmartCompany is breaking down the key issues facing Australia's small business community. Today we're looking at tax.
ATO to visit 400 Brisbane businesses in another black economy crackdown
Next month, the ATO will visit 400 businesses in inner-north Brisbane, which it said is “at risk” of becoming a black economy hotspot.
Permanent director IDs imminent as Parliament considers business registry reform
New director IDs which will tag business owners with permanent unique numbers are being considered by parliament this week.
Phoenixing tax dodger lands six years in jail and $1.8 million fine
A man convicted of tax fraud related to illegal phoenixing activity will spend six years in jail and pay $1.8 million in reparations.
