Tax News

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Tax News That Matters - For Individuals and Small Business

Latest ATO and Tax Updates in Australia

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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Claiming car expenses using the cents per kilometre method

Using the cents per kilometre method to claim car expenses The cents per kilometre method is a simple way to

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Get ready for your Taxable Payments Annual Report (TPAR)

Taxable Payments Annual Reports Due Soon You will need to lodge a Taxable Payments Annual Report (TPAR) if your business

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ATO extends motor vehicle data matching program

Motor vehicle data matching program extended by ATO The ATO has extended the motor vehicles data matching program to include

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ATO launches refreshed Charter

New look ATO Charter Following the announcement of a review of its Charter (previously known as the Taxpayers’ Charter) in

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central management & control: ato risk assessment framework

ATO Risk Assessment Framework for Central Management & Control The ATO has released an update to its Draft Practical Compliance

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More ATO data matching this tax time

ATO data matching landlord and income protection insurance This tax time, the ATO is ramping up its data matching program

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FBT: Alternatives to evidentiary documents

Alternatives to evidentiary documents for FBT purposes With the passing of legislation to reduce FBT compliance costs on 23 June

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ATO Alert: Diverting profits to SMSFs

ATO reviewing property developments that divert profits to SMSFs Taxpayers using special purpose vehicles (SPVs) to divert profits from property

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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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