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No tax deductions if you don’t meet your tax obligations
New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations.Tax deductions deniedIf taxpayers do not meet their PAYG withholding tax obligat...
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Tax on shares: ATO extends data matching program
The Australian Tax Office (ATO) is utilising data provided by the Australian Investments and Security Commission (ASIC) to data match share trades.The ATO is accessing more than 500 million records de...
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Accelerated Tax Rate Reduction for Small Business
Small business is still a vote winner with the Government and Opposition teaming up to accelerate tax cuts for the sector by 5 years impacting on an estimated 3.3 million businesses.
Parliament recen...
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