Tax

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

Attention: BAS agents! An extension of services

Attention: BAS agents! An extension of services. If you are a BAS agent registered with the Tax Practitioners Board (TPB), you should be aware that you can provide services in the areas of FBT, GST/BAS and PAYG. From 1 June 2016, the TPB has now extended the definition of a BAS service to enhance your

[ Read More ]

New property withholding rules explained

New withholding rules on the sale of property by foreign residents have been introduced. The government says this has been necessary as foreign investment in Australia, including in residential real estate, is increasing at an unprecedented rate. Here the new property withholding rules are explained. The rules will apply where real property contracts are entered

[ Read More ]

Taxpayers Australia’s coverage of the 2016 Federal Budget

Taxpayers Australia’s coverage of the 2016 Federal Budget The Federal Budget 2016 has a few sweeteners, but not so much that will turn anyone hyperactive. See the links at left for our dissection of all the announcements made in the Federal Budget 2016. And scroll down for a summary of the main points, and Taxpayers

[ Read More ]

Data matching efforts to get a kick-along (get your ducks in a row)

Data matching efforts to get a kick-along. The ATO has announced that it will acquire data from businesses that it visits as part of its employer obligations compliance program during the 2016-17, 2017-18 and 2018-19 financial years. The data it says will be collected includes: ABN of the payer business ABN of the payee business

[ Read More ]

Tax transactions in technology’s fast lane

Tax transactions in technology’s fast lane The move from lodging on paper to the technology-driven Australian Business Register program is saving an estimated $1.2 billion for the 2015-16 financial year, according to a recent study by accounting firm Deloitte. Commissioned by the ATO, the research study notes that the savings in the five years leading

[ Read More ]