The Greens have said they will work constructively with the Treasurer to ensure the proposed tax for wealthy superannuants is “strong and fair”.
Personal insolvency numbers have reflected a slight drop for the 2025 March quarter in comparison to the same period last year.
The SMSF Association has called reports the government is open to making changes to the proposed $3 million super tax “encouraging”.
Advisers and accountants should adopt a common-sense approach towards claiming tax deductions for financial advice with the ATO asking questions about deductions in some instances, says the FAAA.
Significant changes are on the horizon for Australian workplace laws, with small businesses set to be in the firing line, according to the SME advocate.
The ATO plans to create new digital tools and services for small business as part of its heightened focus on small business tax compliance.
The Tax Office is extending the due date of governing documents by one year for self-assessing income tax exempt not-for-profits.
The professional services firm is welcoming five new partners across the Melbourne, Sydney, Adelaide, and Brisbane offices.
The ATO does not intend to revise its public rulings on work-related travel expenses and record keeping until the appeals process for the recent Shaw decision is finalised.
A woman has been sentenced to 18 months behind bars for committing fraud against the government at the state and federal levels.
Greater transparency around how the ATO makes decisions in areas such as GIC remissions would help build further trust in the tax system, the Tax Ombudsman has said.
Australians have been found to be confused about key tax rules and fear making a mistake on their tax return, Xero has revealed.
