100A ruling leaves trust decisions haunted by ‘uncertainty’
The ATO fails to resolve the key question of what constitutes “ordinary family and commercial dealing”, tax professionals say.
Raids stop $33m in tax avoidance, ATO claims
Charges are pending following an operation with the Australian Federal Police (AFP) that uncovered 70 sales systems using suppression technology.
ATO plans publicity campaign for final Work From Home guidance
More demanding record-keeping requirements in the November draft have been in place since 1 January.
Downsizer age reduction now in force
With the eligibility age for downsizer contributions now age 55, the SMSF Association has highlighted some important considerations for younger clients looking to use the measure.
Auditor flags knowledge gaps with loans and financial assistance amongst SMSFs.
Loans to members and financial assistance continues to be the most commonly reported type of contravention based on ATO statistics.
Countries with the highest GDP per capita between 1800-2040
Check out 240 years of countries with the highest GDPs per capita
About the working from home safety and wellbeing checklist
You and your business can still be held responsible for injuries that happen in the home while carrying out work-related duties.
Tips for small business owners
We see common behaviours among small businesses that get their tax right. These tips will help you to pay the right tax.
ATO targets dodgy deductions for holiday homes
Thousands of dollars in claims “that would fail the pub test” contribute to $1.6bn tax shortfall, assistant commissioner says.
How crypto assets can trigger CGT tripwires
Lending digital currency can be viewed as disposal while losses from the recent downturn may offer little relief from previous capital gains.