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 ...

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative ...

"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, ...

"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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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, ...

The revised client-agent linking (CAL) system became mandatory for all ABN holders except sole traders in November in a bid to tighten fraud controls by making businesses responsible for linking their ...