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Thursday, 28 August 2014

ATO targets work expenses, rental properties and more

The Australian Tax Office has revealed it is using extensive data analysis as part of a crackdown on a number of areas, including offshore bank accounts and phoenix operators. by Terry Hayes

Wednesday, 27 August 2014

Ker-ching! Tax on high income earners’ super raises $300 million

The Australian Tax Office has revealed a tax on superannuation, known as Division 293, has raised nearly $300 million from nearly 100,000 higher income earners, but a leading tax lobby group says the situation is not as bad as it sounds. by Andrew Sadauskas

Thursday, 21 August 2014

ATO bitcoin ruling may hamper digital currency sector growth

The Australian Tax Office does not consider bitcoin to be money or a foreign currency, a decision that will make it difficult for many Australian bitcoin businesses to operate and might push many of them offshore. by Kye White

Thursday, 31 July 2014

The taxing question of childcare

Childcare has become a major issue in the community. How it is best supported by government, however, remains a tricky issue. by Terry Hayes

Thursday, 17 July 2014

Husband and wife, sharing and caring, until tax law do us part

Husbands and wives often regard themselves as jointly owning the assets each possesses. Of course, such a common-sense view is not shared by tax office bureaucrats. by Terry Hayes

Thursday, 10 July 2014

Aussie winemakers urge government to cork $99 million tax loophole for overseas producers

Australian winemakers are calling for the government to close a tax loophole that has allowed Kiwi winemakers to receive close to $100 million in rebates between 2005 and 2012. by Eloise Keating

"Sleeping director": When a company director is personally liable for a company’s unpaid tax liabilities

There are plenty of traps to trip over and directors must be fully aware of their obligations under the law. by Terry Hayes

Wednesday, 9 July 2014

Small businesses unfairly fined by the ATO could be compensated

Small businesses wrongly penalised by the Australian Tax Office could be compensated by the federal government if recommendations made by the Inspector-General of Taxation are adopted. by Eloise Keating

Monday, 7 July 2014

Hockey to tighten tax laws for multinationals but loopholes still exist

Treasurer Joe Hockey has said that he will improve the structural integrity of Australia’s tax system to address international tax avoidance by multinational enterprises. by Antony Ting
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