ATO warns businesses on looming TPAR deadline

The ATO is reminding businesses to lodge their tax payable payment annual report by 28 August after issuing around $9 million in penalties in the five years to 2023.

 

Government urged to exempt small firms from TPB reforms

The lower risk profile of small practices means they should not face the same scrutiny as larger ones, the NTAA says.

Millions of landlords the target of expanded ATO crackdown

 

The Tax Office will acquire property management records to clamp down on taxpayers misreporting rental income and deductions.

Scam alert: fake ASIC branding on social media

The Australian Securities and Investments Commission (ASIC) has issued a scam alert warning consumers that there has been an recent increase in the use of ASIC’s logo in social media scams. ASIC’s warning to consumers covers three main areas of concern.

Time for a superannuation check-up?

The new financial year has begun, and with it have come some important changes to superannuation from 1 July 2024. With these changes coming into effect, it’s a good time to give your super a check-up.

Most Gold Medals in Summer Olympic Games (1896-2024)

Check out which country has won the most Gold Medals in Summer Olympic Games (1896-2024)

‘Bleisure’ travel claims in ATO sights, experts warn

Travellers who mix business and pleasure will face increased scrutiny as the Tax Office cracks down on work-related expenses.

 

June quarter inflation data reduces risk of rate risk

The June quarter inflation data is likely to see the RBA keep rates on hold next week, economists predicted.

Warning to micro businesses. ‘Higher taxes for thousands of businesses’.

 

The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia.

 

The five reasons why the $A is likely to rise further – if recession is avoided

After a soft patch since 2021, there is good reason to expect the $A to rise into next year

COVID early super release did little for financial, emotional wellbeing.

 

The Early Release of Super scheme implemented during the COVID-19 pandemic had little impact on financial resilience or wellbeing, new research has shown.

 

Temporary FBT break lifts plug-in hybrid sales 130%

An industry body warns strong take-up will only continue if the generous tax break remains.