Lisa To, a taxation lawyer at Bartier Perry, told Accountants Daily that the ATO’s growing focus on Section 99B - a provision under the Income Tax Assessment Act 1936 that seeks to tax a broad range ...

Sole traders: Taxed at prevailing marginal rates. The marginal rate of tax refers to the percentage of tax you pay on each additional dollar of income you earn within a specific income bracket. This ...

"If the ATO could work more closely with Services Australia to improve the frequency and quality of the information referred, and improve its data matching, it might lead to better enforcement, which ...

The dividend is commonly paid using a journal rather than cash. It is apparent that some tax practitioners may not fully understand the various rules governing the payment of a dividend by journal, ...

"The ATO has been applying maximum pressure to collect its debts. Many businesses have simply ceased paying the ATO as they struggle with increased costs due to inflation. In the hospitality sector, ...

Kristopher Andree-Jansz has been sentenced in the County Court of Victoria to 4 years and 7 months imprisonment, with a non-parole period of 2 years and 7 months after fraudulently claiming GST ...

Australians shouldered the biggest increase in income tax rates in the developed world last financial year due to bracket creep and the end of the LMITO, according to a report from the OECD. In the ...

A looming tax on high superannuation balances is set to reshape retirement planning, but the vast majority of pre-retirees are unprepared for it, according to research from Generation Life. Insurance ...

Succession planning has recently been nominated by the ATO as a key area of focus on its website. This is driven by the significant wealth transfer occurring as businesses established in the 1960s, ...

Auditor Proud Day lands on the last Thursday of every September and is aimed at attracting more people to the profession and celebrating those already working within it. The day is a CA ANZ-led annual ...

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The new pathway program provides students with a "non-traditional route into the profession" focused on hands-on learning and real-world applications, the Institute of Public Accountants (IPA) has ...