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

New ‘bright line’ test will deny some the corporate rate reduction

Last week, legislation was introduced that will exclude some businesses from the reduction of the company tax rate for small and medium corporations to 27.5%. The Enterprise Tax Plan will eventually deliver a rate of 25% by the 2026-27 income year, introduced progressively, but with an increase in the qualifying aggregated turnover threshold. This was

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Perth Tax Update for November

The Perth tax updates, exclusive to the WA capital, are popular sessions that will keep you abreast of the practical implications of developments in key areas and how they will affect you and your clients. Presented by TaxBanter, the seminars focus on the practical issues faced by advisers, and will cover: Recent taxation cases (including

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Amazon’s tax reputation is a challenge for the ATO

The retailing behemoth Amazon is expected to open for business in Australia very soon, perhaps even in time for Christmas. But Amazon’s tax reputation is a challenge for the ATO, with the worrying factor being the mega-player’s track record on dodging its tax obligations in other countries across the globe where it has opened its

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Your landlord clients need to be prepared to lose this deduction

New legislation recently tabled in Canberra puts a measure first announced with the last Federal Budget closer to reality. Your landlord clients need to be prepared to lose this deduction The Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 (you can read the details here) solidifies the government’s intention to deny all travel deductions relating

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Deadline for self-preparers looms large

If you or someone you know prepares their own tax return, it is timely to warn them that time is quickly running out. Tax returns must be lodged before 31 October for the taxpayer to avoid a late lodgement penalty issued by the ATO. Deadline for self-preparers looms large The penalty is currently set at

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