Thursday, 20 November 2014
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.
Friday, 14 November 2014
The ability of multinational companies to shift profits into low-tax jurisdictions is undermining governments’ ability to raise revenue. But the cross-border policy solutions are complex.
Taxpayers can get a release from their tax debt but there are conditions. The question is: what constitutes serious hardship?
Tuesday, 11 November 2014
Basically if a small business person does something to avoid tax it is viewed as illegal. But in big business it is different.
Payroll tax is back on the political agenda after an Abbott government minister called for tax reform saying he has never thought payroll tax is a “good or efficient tax”.
Friday, 7 November 2014
Tax avoidance, or the use of legal arrangements to reduce tax, is rife. According to the Australian Tax Office (ATO), Australian companies in 2012 sent almost A$60 billion to related parties in tax havens.
Monday, 3 November 2014
High income earning Australians are being left out of pocket after tax time, with up to 46% total tax being deducted from their income, according to a study by UHY Haines Norton.
Thursday, 30 October 2014
It’s time to lodge your tax returns if you wish to avoid a failure to lodge on time penalty from the Australian Taxation Office, warns BMT tax depreciation specialists’ managing director Brad Beer.
Wednesday, 29 October 2014
A parliamentary inquiry is today examining the possibility of breaking up the ATO into separate policing and administration bodies.