Tag: ATO

Business owners are being invited to weigh in on how the R&D Tax Credit will be administered, with the tax now open for public consultation.

With 30 June upon us, taxpayers are looking for opportunities to reduce their tax liabilities for the fiscal year, and according to Institute of Public Accountants senior tax advisor Tony Greco, small businesses should also not overlook the cash flow benefits of tax deferral opportunities.

Like in the Amazing Race, we have entered the last leg and it’s now time to focus on your taxation obligations otherwise the ATO may eliminate you.

Happy June! The end of financial year ‘EOFY’ is almost upon us!

I know that, for some of you, today signals added stress and more pressure. But that doesn’t need to be the case.

The recent news that the Federal Government is pushing the National Tax Summit to October and will not be covering key tax issues such as GST, the proposed carbon tax and the mining tax is worrying.

With the final quarter looming, to make tax time less painful, here’s a helpful list of the kinds of information that are useful for small businesses when preparing a tax return.

Whether you’re running an established business or looking to start a brand new business getting the right advice is key to operating a successful venture. In Australia, small business owners have some high quality, inexpensive sources of advice and information that can help.

Family Trusts, also known as Discretionary Trusts are a popular way of structuring small business in Australia, but Family Trusts are are in the ATO’s firing line with news that trustees could lose their streaming benefits under a new ruling soon to be released by the ATO.

The federal government’s review into the taxation of trusts is the most significant attempt at trust tax reform in the last decade, according to the Institute of Chartered Accountants in Australia.

The end-of-year office drinks is a festive tradition in Australia, but the annual work Christmas party could cost companies in unexpected fringe benefits tax, according to Nexia Court & Co.