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Thursday, 18 December 2014

Rental property owners still in ATO sights

With the surge in residential real estate sales, the ATO has taken a close interest in the expense claims people make concerning their rental properties. by Terry Hayes

Calls to raise the GST to 18%: OECD has its say on Australia’s economy

The goods and services tax could be raised to between 15% and 18% if the government takes on board recommendations released yesterday by the OECD. by Kirsten Robb

Monday, 15 December 2014

Murray pushes for fewer super tax breaks but change is unlikely

David Murray’s Financial System Inquiry may call for the removal of superannuation tax breaks but the government’s tax discussion paper is unlikely to advocate similar changes. by Gordon Mackenzie

Thursday, 11 December 2014

Capital gains tax: How changes to exemptions on compensation or damages could benefit taxpayers

Legislation introduced in Federal Parliament last week provides valuable new exemptions under capital gains tax law for compensation or damages. by Terry Hayes

Wednesday, 10 December 2014

Last days for small business owners to disclose offshore assets in ATO amnesty before crackdown

Small business owners have just days left to declare assets in offshore tax havens as part of a tax amnesty. by Andrew Sadauskas

Thursday, 4 December 2014

Tax deductions for work-related expenses – know the rules

The ATO keeps a keen eye on claims for work-related expenses, so it pays to know just what and how much you can claim. by Terry Hayes

Monday, 1 December 2014

Abbott’s tax reform white paper due next week: what’s on the SME wish list?

It’s been months in the making, but Prime Minister Tony Abbott is reportedly putting the finishing touches on his tax reform white paper, ahead of its release next week. by Eloise Keating

Thursday, 27 November 2014

Have you sold shares in the last 30 years? The ATO is coming for you

With the public float of institutions such as the Commonwealth Bank, Telstra, and now Medibank Private, more Australians today hold shares than ever before. However, it’s important to be aware of the tax consequences. by Terry Hayes

Thursday, 20 November 2014

Crowdfunding can have tax consequences

Crowdfunding sites such as Kickstarter are a great way for growing businesses to raise some much-needed capital. However, there are tax issues you need to be aware of. by Terry Hayes
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