Tax

Tax

Tax cuts debate fires up at govt hearing

The prospect of backflipping on or stagnating company tax cuts plans has been met with dire warnings at a hearing this...

10 August 2018 • By Jotham Lian

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Tax

ATO’s corporate residency guidance cops backlash

The tax office’s new approach to determining whether entities are resident under the central management and control...

08 August 2018 • By Jotham Lian

Tax

Govt hears of software, cost barriers in STP hold-ups

A standing committee has heard of extremely low take-up of impending single touch payroll (STP) changes, with “time...

08 August 2018 • By Jotham Lian

Tax

New accounting standard ‘seriously underestimated’

Businesses with operating leases are set to be substantially impacted by the new AASB 16 Leases standard, as one firm...

08 August 2018 • By Jotham Lian

Tax

Compliance costs of FBT undergo review, accountants urged to speak up

The Board of Taxation will be reaching out to accounting professionals and their clients as they undertake a review of...

07 August 2018 • By Jotham Lian

Tax

‘Not the same for everyone’: Vacancy fee confusion flagged

A mid-tier has flagged several issues regarding the new annual vacancy fees for foreign owners of residential...

06 August 2018 • By Jotham Lian

Tax

‘Clients might be facing a tax bill’: Defined benefit income changes flagged

A new label has been created in individual tax returns in light of the new tax obligations around defined benefit...

03 August 2018 • By Jotham Lian

Tax

1,000+ tax agents set for CPD audit

Tax agents will soon have their continuing professional development (CPD) records reviewed by the Tax Practitioners...

03 August 2018 • By Katarina Taurian