Tax News

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Tax News That Matters - For Individuals and Small Business

Latest ATO and Tax Updates in Australia

Updated TAX ruling on individual tax residency tests

Updated Tax Ruling on individual tax residency tests The long awaited tax ruling on individual tax residency has been released

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Small Business Lodgment Amnesty Reminder

Tax lodgment amnesty for small business Small businesses are encouraged to take advantage of the lodgment penalty amnesty program to

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Tax time 2023: ATO focus areas

ATO focus areas for tax time 2023 Tax time 2023 is fast approaching and as in previous years, the ATO

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ato releases Home Charging Rate For EVs

ATO home charging rate for EVs With the increasing popularity and uptake of EVs, the ATO recently released a draft

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Property Investors Beware: New ATO Data Matching Program

Property investors beware: ATO data matching program Property investors should be aware that the ATO has announced the commencement of

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FBT Reminder: Electric Cars Exemption

FBT electric cars exemption It’s FBT time again! For the 2022-23 FBT year it’s important to remember that your business

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Tax-Records Education Direction Now in Place

Record-keeping school if you don’t keep proper business tax records Late last year, the Treasury Laws Amendment (2022 Measures No.

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FBT Car Parking: Primary Place Of Employment

Car parking benefits: primary place of employment Employers that have provided car parking benefits for the 2022-23 FBT year should

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Corporate tax residency: ATO’s transitional compliance approach extended for foreign companies

Foreign companies have until 30 June to implement governance changes Foreign incorporated companies that may have their tax residency status

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Government Proposes Public Beneficial Ownership Register

Proposed public beneficial ownership register A consultation paper on a proposed public beneficial ownership register has been released by the

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Sharing Economy Reporting Regime Commences Soon

Compulsory reporting to ATO for sharing economy platforms Compulsory reporting of information to the ATO for sharing economy platforms is

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FBT Car Parking Benefits: New Draft Consolidated Ruling

FBT car parking benefits: broad test for “primary place of employment” Businesses that provide FBT car parking benefits should be

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Tax Rules For Personal Services Income

Personal services income The tax legislation contains special rules about personal services income (PSI). The PSI rules are aimed at

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Tax crack down coming

Tax crack down coming Against a sobering backdrop of economic data and a record Budget deficit, the Treasurer announced the

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Proposed new method for calculating WFH deductions

New lower fixed rate method for claiming WFH expenses Taxpayers could soon be dealing with more paper work at tax

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