Tax News

Triangles BG

Tax News That Matters - For Individuals and Small Business

Latest ATO and Tax Updates in Australia

Deductibility of financial advice fees

Draft ATO determination on deductibility of financial advice fees Late last year, the ATO released a draft taxation determination (TD

Learn More

Employee vs contractors: new ATO Ruling

High Court decisions re employee v contractor spark ATO ruling Following the landmark High Court decisions in Construction, Forestry, Maritime,

Learn More

Holiday homes not genuinely available for rent

Deductions denied for holiday homes not genuinely available for rent As the Christmas holiday period approaches, many individuals may be

Learn More

ATO data-matching: directors and officeholders

ATO data-matching: directors and officeholders The ATO has announced a data-matching program which will acquire officeholder data from ASIC, the

Learn More

ATO’s GST compliance focus areas

ATO GST compliance focus areas At a recent conference, the ATO outlined its key areas of focus for GST compliance.

Learn More

Circumstances for tax return lodgment deferral

When can you get an extension of time to lodge your tax return? Tax time 2023 has now officially ended,

Learn More

Regulation of crypto exchanges coming

Regulation of crypto exchanges on the horizon As foreshadowed by the government and supported by many consumer advocates, the government

Learn More

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

Learn More

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

Learn More

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

Learn More

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

Learn More

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

Learn More

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

Learn More

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

Learn More

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

Learn More

Triangles BG
Triangles BG