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Thursday, 26 February 2015

Burden of proof on taxpayers is a heavy one

When a taxpayer disputes an assessment made by the Tax Office, she or he bears the burden of proving that the assessment is excessive. by Terry Hayes

Tuesday, 24 February 2015

Raise the GST to abolish stamp duty: CPA Australia

Stamp duty on property conveyancing, insurance and motor vehicle sales should be scrapped and the goods and services tax (GST) lifted to make up any funding shortfall, accounting professional body CPA Australia has proposed. by Zoe Fielding

Thursday, 19 February 2015

Single Touch Payroll aims to cut red tape for SMEs, but are you ready?

Less than two months ago the government announced it would cut red tape for employers by simplifying tax and superannuation reporting obligations through a system called Single Touch Payroll. by Terry Hayes

Monday, 16 February 2015

Small business council calls for “even playing field” on fringe benefits tax

COSBOA is calling on the government to remove fringe benefits tax (FBT) on childcare and health services for small business employees. by Kirsten Robb

Thursday, 12 February 2015

The importance of tax records: Taxpayer faces $2 million penalty after “inconsistencies” and “contradictions” in case

A recent case in the Administrative Appeals Tribunal has again shown the importance of having proper records and evidence when the Australian Tax Office comes calling. by Terry Hayes

ATO freezes $45 million in Nudie Juice takeover proceeds

The ATO is set to freeze $45 million in proceeds from the takeover of Nudie Juice company by Philippines-based multinational food giant Monde Nissin, according to reports. by Andrew Sadauskas

Controversial tax reforms pass: R&D spend to be capped

The federal government has secured passage in the Senate for a controversial change to the research and development tax incentive. by Andrew Sadauskas

Monday, 9 February 2015

ATO hits back at MissChu after being blamed for its demise

The Australian Tax Office has fought back against claims by Nahji Chu, the founder of Vietnamese food chain Miss Chu, that the ATO is to blame for the collapse of her business. by Cara Waters

Matt Barrie: The taxation of employee share schemes explained

Startups – highly-scalable, rapidly growing tech-enabled businesses – are scrambling for talent, and the most powerful of those incentives is giving employees the chance to earn a part of the company. by Matt Barrie
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