Tax Time 2022 is around the corner
As the end of another tax year approaches, the ATO has reminded businesses that it is time to: see if …
What’s next on the agenda for the government
Now that the election is over, and the Labor party is officially in government people will be interested to see …
Employees vs contractors: more clarity coming
The High Court recently handed down a significant decision dealing with the distinction between employees and independent contractors. The case …
Temporary full expensing of assets extended
The temporary full expensing of depreciating assets has been extended for another year until 30 June 2023. The measure was …
Tax debts may affect business credit score
If your business has had issues paying your tax debt due to the ongoing effects and uncertainty surrounding the COVID-19 …
Changes to the SME recovery loan scheme
As a part of an economic package to help businesses recover from the impacts of the COVID-19 pandemic, the government …
Future direction of the ATO
The Commissioner of Taxation, Chris Jordan, spoke recently at a conference about what’s in store for the ATO including upcoming …
Data-matching: Medicare Exemption Statement
As the year draws to an end, the ATO has extended another data-matching program, this time into the Medicare Exemption …
Directors of private companies: tax return lodgment
As tax time 2021 draws to a close, the ATO has issued a reminder specifically to directors of private companies. …
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ATO scrutinising gifts or loans from overseas
The ATO has recently issued alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas …