Tax

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

Personal insolvencies jump over June quarter

The most recent personal insolvency statistics have been published by the Australian Financial Security Authority (AFSA, formerly known as the Insolvency and Trustee Service Australia). The data shows that compared to a year ago, personal insolvencies increased 13.7% for the June quarter. And compared to the March quarter this year there was a 10.7% increase.

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Deductibility of training course fees provided to employees

Running a successful small business sometimes requires an upskilled team. If you need your employees to grow their expertise in a particular area, spotting them for short-courses can be a worthwhile endeavour. When providing staff these courses, Tax & Super Australia has observed the following questions for employers to consider from a tax viewpoint. Can

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Centrelink to data match details with ATO records

The Department of Human Services, which overseas Centrelink, has issued a notice of a data matching project that will enable it to compare income data it has on-hand with tax return data that has already been reported to the ATO. Labelled by DHS the “Non employment income data matching project”, the initiative will “assist the

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Capital gains tax record keeping tool

The ATO’s capital gains tax (CGT) record keeping tool allows you to record and save your asset and CGT event details, and calculate your capital gains or losses. For assets with a CGT event date, the tool works out your net capital gain or loss amount for the year by applying the CGT calculation method

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