The Australian Tax Office has declared people who generate an income through “share economy” services are really running a small business, with drivers from ridesharing service Uber soon to be forced to collect GST. by Andrew Sadauskas
Small businesses can’t wait to use the $20,000 tax write-off for business assets provided in this year’s budget, with 74.5% of those surveyed by SmartCompany saying they planning to claim under the write-off. by Cara Waters
Federal Treasurer Joe Hockey is hoping big businesses will put their hands up to disclose their tax affairs as part of a voluntary corporate disclosure code announced in tonight’s budget. by Eloise Keating
The federal government will give the Australian Tax Office an additional $265.5 million over three years to continue its work to stamp out fraud related to the goods and services tax. by Eloise Keating
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