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Tax

Tax

Accounting for Forex Trading: Professional vs. Hobby Status

Forex trading profits are usually taxable, but the ATO makes a distinction between professional and casual hobby forex...
01 August 2018 • By Robyn Tongol

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ato
Tax

ATO dispels top tax time myths to clients as clampdown rolls out

Ahead of one of its biggest deductions crackdowns, the tax office has released a series of common mistakes and...
31 July 2018 • By Jotham Lian
john winter
Tax

‘Extraordinary impost’ prompts insolvency exodus

The insolvency profession will be facing its “toughest period in a generation” under ASIC’s new industry funding...
30 July 2018 • By Jotham Lian
parliament
Tax

Treasury reveals more on stapled structures shake-up

The second stage of draft legislation aiming to close an unintended tax loophole in stapled structures has been...
30 July 2018 • By Jotham Lian
westpac
Tax

Westpac banker used tax return threats in loan applications

A former Westpac banker has been slapped with a ban after telling customers they’d have to falsify loan documentation...
27 July 2018 • By Katarina Taurian
matthew burgess
Tax

ATO’s trust splitting determination under scrutiny

The ATO’s recently released draft taxation determination on trust splitting giving rise to a CGT event will cause...
27 July 2018 • By Jotham Lian
ato
Tax

ATO releases new guidelines on tax uncertainty for corporate clients

No penalties will apply if a company issues an incorrect distribution statement on franking credits during the interim...
26 July 2018 • By Jotham Lian
ian taylor  tpb
Tax

TPB joins chorus of ‘cowboy agents’ warnings

The Tax Practitioners Board says tax agents should push back on dodgy clients, as it expects a “special scrutiny” to...
25 July 2018 • By Jotham Lian