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161 Exclusive: ‘Replace payroll tax with technology tax’ ...: If governments were serious about job creation, they would abandon the counterproductive payroll tax and instead introduce a tax on technology that eliminates jobs, it has been claimed. Commenting ...; 06 August 2018 in Finance
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162 Tax agents raided for facilitating phoenix activity ...: The offices of 11 tax agents have been raided by ATO officers amid concerns they had been facilitating phoenix activity and tax avoidance worth millions of dollars. All 11 properties were located in ...; 02 August 2018 in Growth
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163 Westpac banker threatened clients over tax returns ...: A former Westpac banker has been slapped with a ban after telling customers they would have to falsify loan documentation in order to avoid handing over their tax returns. The Australian Securities ...; 27 July 2018 in Finance
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164 Tax alert: Watch out for private use of work-related travel ...: The ATO’s final revised guidance on fringe benefits tax on utes and other eligible vehicles will see employers paying a lot more tax — or offering less perks — to attract new employees, warns a leading ...; 13 July 2018 in Finance
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165 Geraldton woman faces jail time after astonishing 91 tax return snubs ...: A 65-year-old Geraldton woman faces a lengthy stint in jail after the ATO lost patience with her astonishing disregard for the country’s tax compliance requirements, which have continued for no less than ...; 12 July 2018 in Finance
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166 Money not the only tax-time gripe of SMEs ...: The stress of tax time is having serious repercussions for SMEs, with end of financial year obligations severely squeezing already stretched business owners. Many are losing time with family on weekends ...; 02 July 2018 in Growth
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167 Industry applauds Labor backdown on tax increase ...: Following intense criticism, Labor has backed down on plans to reverse tax cuts for mid-sized businesses, with several industry bodies claiming it showed the party had “listened” to SME concerns. In ...; 29 June 2018 in Finance
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168 ATO to contact 1m taxpayers over common mistakes ...: The ATO will be contacting over 1 million taxpayers either directly or through their tax agent in the coming months as part of its compliance activity, and has revealed the most common trouble spots for ...; 28 June 2018 in Finance
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169 Entrepreneur warns against tax time splurge ...: ... group Scene Change and a regular speaker at industry events, said that while the lure of buying things for the business to reduce the year’s tax bill can be tempting, it can cost more in the long run if ...; 28 June 2018 in Finance
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170 Not all business income assessable by the taxman ...: The ATO is advising business leaders that not all forms of income need to be declared, highlighting existing guidelines around what does and does not need to be included at tax time. In a note to media ...; 27 June 2018 in Finance
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171 Opposition’s tax policy ‘a kick in the guts for SMEs’ ...: The federal opposition has dealt Australian SMEs “a kick in the guts” after announcing plans to hike taxes on mid-sized firms if it wins the next election, the Australian Chamber of Commerce and Industry ...; 26 June 2018 in Finance
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172 Rate change set for popular tax deduction ...: ... commissioner of taxation determines it should be varied. You can access the official ATO document here. The cents per kilometre method, used to claim a maximum of 5,000 business kilometres per car, ...; 26 June 2018 in Finance
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173 More and more firms copping payroll tax audit ...: An increasing number of businesses are being investigated over their payroll tax liabilities, a tax accountant has claimed, with many firms forgetting to register as their business grows. “When total ...; 21 June 2018 in Finance
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174 Tax debt pushed liquidator into liquidation ...: A total of 15 businesses in the process of being wound up have been assigned new liquidators after their incumbent was deregistered for falling into bankruptcy himself – reportedly due to a tax debt. Under ...; 21 June 2018 in Growth
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175 40k businesses to enjoy $881m payroll tax cut ...: In a sign that payroll tax is open to scrutiny from the states, the NSW Government has pledged to increase the tax threshold in a move that will benefit an estimated 40,000 businesses. In a pre-budget ...; 18 June 2018 in Growth
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176 Tax Office reveals adventurous, dubious claims ...: The ATO has released case studies of adventurous and misguided taxpayer expenses claims, but some fear they’re being made an example of because the Tax Office can’t “audit their way out” of a large-scale ...; 18 June 2018 in Finance
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177 Tax mistakes costing SMEs a pretty penny ...: ... tax partner at HLB Mann Judd, there are a number of core facets to tax of which self-employed people should be aware. “As a general rule, the approach should be to pay any tax-deductible expenses now, ...; 15 June 2018 in Finance
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178 Tax time tips for busy SME owners ...: ... all business leaders to get their returns rights. It comes as the tax office repeated its warning from last year to all taxpayers to not claim uniform allowances and related deductions unless such claims ...; 14 June 2018 in Finance
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179 ‘Check your tax agent is registered’, SMEs warned ...: SME owners and individual taxpayers are being warned to check that their tax agent is actually registered to practice, after the Tax Practitioners Board found unregistered agents were using popular sites ...; 13 June 2018 in Growth
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180 SMEs missing out on $2.4bn tax break ...: A staggering number of business owners are missing out on a common tax incentive, despite pushing for it to be made available to them. Some 85 per cent of SME owners surveyed in a joint study by H&R ...; 07 June 2018 in Finance