Authoritative and technically accurate information and guidance on all areas of tax

How are those tax returns progressing? ATO updates its data

A few weeks into the new financial year and the ATO has already been busy crunching a few numbers on the state of play with tax return numbers. One noticeable change from the same time a year ago is the number of current year individual returns lodged on paper. In 2016, nearly 15,000 returns had

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IGT reviews the transformation of your profession – free webinar

The Inspector-General of Taxation (IGT) Ali Noroozi, is conducting another review into the taxation system. But with the IGT review currently underway, there is a difference. Instead of analysing existing issues — such as the ATO’s current practices or support systems, or its management of disputes and so on — the new IGT review is

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Immediate deduction for start-up costs

Certain start-up expenses, including costs associated with raising capital, that would otherwise be deductible over five years are immediately deductible (from July 1, 2015) where they are incurred by an SBE or an entity that is not in business. Immediate deduction for start-up costs Before this date, business capital expenditure, including start-up expenses, was deductible

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Tax & Super Australia “Your Opinion Matters” survey draw

Tax & Super Australia is committed to providing members with quality services. In line with our commitment to continuous improvement, we conducted a survey of non-member readers of our publications to elicit responses and to incite suggestions as to how we could further improve our products and services. We received many helpful and valuable suggestions from

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Checklist of business deductions

This non-exhaustive checklist of business deductions is designed to provide an easy reference guide to the types of deductions that might be claimed by businesses. This checklist should be read in conjunction with a similar checklist for employees that was published last week (read it here). Note that these deductions may not necessarily be available,

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