Tax News

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Tax News That Matters - For Individuals and Small Business

Latest ATO and Tax Updates in Australia

Natural love and affection: Commercial debt forgiveness

Only a natural person can forgive a debt for natural love and affection Whether or not you have to be

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More powers for the ATO?

ATO phone taps? The ATO has been variously described in the media as one of the most powerful institutions in

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ATO concerns on luxury car tax

ATO concerned about luxury car tax arrangements Taxpayer alert on luxury car tax The ATO has issued a taxpayer alert

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ATO medium and emerging private groups program

Medium and emerging private groups tax performance program The ATO is continuing to run the medium and emerging private groups

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ATO scrutinising overseas gifts and loans

ATO scrutinising gifts and loans from oveseas Disguised offshore income & gains Taxpayers that have received gifts or loans from

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ATO data matching program extended for lifestyle assets

Lifestyle assets under the ATO’s microscope Even among the doom and gloom of the pandemic lockdowns, the ATO continues to

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ATO compliance on economic stimulus measures

ATO looking at loss carry-back, temporary full expensing & accelerated depreciation schemes Businesses that have claimed economic stimulus measures such

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ATO targetting rental property owners

Rental property owners subject to ATO data matching In order to close the tax gap of individual taxpayers, the ATO

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Beware of ATO data matching: motor vehicles

ATO data matching motor vehicles Motor vehicle data matching program Individuals and businesses beware! The first data-matching program for the

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Director identification numbers now law

Director identification numbers coming for all company directors Director identification number (DIN) regime To combat phoenixing and other black economy

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Be quick – super guarantee amnesty due to end soon

The superannuation guarantee amnesty is about to end Act now to benefit from the super guarantee amnesty Businesses wanting to

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JobKeeper V2.0: the changes

JobKeeper V2.0: the changes you need to know JobKeeper extended with some changes The JobKeeper payment will soon be changing.

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Instant asset write off extended for small business

The instant asset write off has been extended for small business $150,000 instant write off extended to 31 December 2020

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ATO data-matching: ride sharing

ATO is data-matching ride sharing information with personal tax returns ATO data-matching While the Coronavirus pandemic has put many things

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Steps to claim the JobKeeper payment for businesses

How to enrol for and claim the JobKeeper payment for businesses Enrolments for JobKeeper open Enrolment for the JobKeeper payment

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