The Tax Office has outlined the areas currently on its radar with research and development tax incentive claims and encouraged tax professionals to report any dodgy R&DTI advice being promoted.
Practitioners must watch closely for policy changes regarding the taxation of trusts, as any changes are likely to add further administrative burden for clients, the law firm says.
The government has unveiled a raft of reforms to the R&D tax incentive, alongside changes to trusts, CGT, and negative gearing.
The government has revealed the details of five major reform packages aimed at addressing substantial issues in the Australian economy and tax system.
The Federal Court has overturned an objection decision by the Commissioner of Taxation concerning the calculation of capital gains on company shares that were disposed of by Shell Energy Holdings Australia.
The ATO’s compliance focus on family trust distribution tax is exposing decades-old advisory gaps. Tiarn Pauletto examines how the growing professional indemnity risks for accountants and why the window to act is closing ...
The association has outlined four areas where the government could reduce red tape for FBT, in turn easing compliance costs for small businesses.
Treasury has opened consultation for a tweaked version of its global minimum tax rules for large companies, based on OECD guidance.
The proposed standard deduction may benefit self-lodgers with simple affairs, but will fail to simplify work-related expenses for the majority of employees.
An AMP economist has broken down Australia’s resource taxation debate, weighing the drivers and flaws of Australia’s current tax settings.
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