What the ATO is seeing in the small business market

What the ATO is seeing in the small business market from Deputy Commissioner Deborah Jenkins Speech to the Institute of Public Accountants 2018 national congress Sydney, 2 November 2018 The small business client base Let’s get a bit of context around small businesses...

read more

Deductions for vacant land to be wound back

The government announced in May this year, as part of the 2018–19 federal budget, that it will decrease the scope of allowable deductions for expenses stemming from holding vacant land that is intended to be used for residential or commercial purposes. The measure will apply from 1 July 2019.

read more

Personal income tax cuts could boost economy

A large proportion of any cut in personal income tax — especially if the cuts were skewed towards lower and middle-income households with a higher propensity to spend — would likely provide a greater direct stimulus to the Australian economy than an equivalent cut in company tax.

read more

Ageing – Tax Reform News

Govt backbencher wants broad tax reform due to our ageing population 1:39pm Apr 9, 2018 from 9news.com.au A Turnbull government backbencher has joined calls for major tax reform with the country facing an ageing population. Liberal MP Tim Wilson believes there needs...

read more

Private use of exempt motor vehicles for FBT

Eligible Motor Vehicles by Employees The ATO have released a draft practical guideline on the private use of eligible motor vehicles by employees. Where private use of these vehicles by your employees is limited, some fringe benefits tax (FBT) car-related exemptions...

read more