Tax News That Matters - For Individuals and Small Business
Improving the Commissioner’s general powers of administration
Enhancement to the Commissioner’s general powers of administration The Inspector-General of Taxation and Taxation Ombudsman (IGTO) recently released a report
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ATO visa data matching program extended
ATO extends visa data matching program for three years The ATO has advised that its visa data matching program has
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Proposed mechanisms for payday super
Consultation paper on proposed mechanisms for payday super Unpaid superannuation is equivalent to wage theft and is detrimental to the
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Sharing Economy Reporting regime
Sharing economy reporting regime started The Sharing Economy Report Regime (SERR) has now commenced for the 2023-24 income year. Only
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Targeted super concession changes looming
Tax on unrealised super fund earnings In a bid to improve the fiscal sustainability of the superannuation system, one of
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Deductions relating to holding vacant land
Clarification on deductions related to holding vacant land Deductions for losses and outgoings that relate to holding vacant land on
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Tackling tax adviser misconduct: consultation on draft legislative reforms
Reform of promoter penalties, information sharing & TPB As a part of its response to the recent scandal involving conflict
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ATO crackdown on TPAR lodgments
ATO crackdown on non lodgment of Taxable Payments Annual Report The ATO has reminded relevant taxpayers to lodge their Taxable
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Reforms to tax adviser regulatory framework
Planned changes to regulation of tax advisers The government has announced major reforms to the tax adviser regulatory framework in
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Tax Time 2023: ATO gives green light to lodge
Tax Time 2023: lodgment period underway With only a little more than a month into tax time, the ATO has
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Does GST apply to crypto assets?
Does GST apply to crypto assets? As digital currency becomes more common place in a business context both in terms
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Small business energy incentive
Small business energy incentive: 20% bonus deduction Small businesses with an aggregated annual turnover of less than $50 million could
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Simplifying individual tax residency: consultation
Consultation on proposed new individual tax residency rules The government is currently seeking feedback on design features of the Board
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Small business bonus deduction: technology investment
Small Business Technology Investment Boost Small businesses can now access a 20% bonus deduction for eligible expenditure incurred on business
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