Posts tagged "tax"

The Coalition will seek to reverse a set of new and highly controversial rules for tax practitioners, arguing they will impose unnecessary red tape on accountants and bookkeepers.

It’s time Australian sole traders took tax matters into their own hands, and the technology is there for the taking. 

Early signs point to yet another parliamentary showdown over the instant asset write-off scheme, as both Coalition senators and independent crossbencher Senator David Pocock say the small business tax break should expand beyond the government's latest proposal.

Accountants and bookkeepers have welcomed a last-minute reprieve from eight new obligations scheduled to begin in August, but feel more should be done to shield small practices from further 'red tape'.

We collate a handful of the key figures related to personal and business tax returns, and some of the more esoteric figures linked to the new financial year.

A petition against "unfair and unworkable" changes to the rules governing tax agents has closed with more than 2,000 signatures, calling on Assistant Treasurer Stephen Jones to reconsider the August 1 shake-up.

A significant pathway to tax practitioner registration should be closed, the Treasury argues, rattling the accounting sector and causing concern among professional associations like CPA Australia.

Small businesses will be free to claim immediate tax deductions under the $20,000 instant asset write-off scheme, and seek a bonus 20% deduction on energy-efficient upgrades, after a contentious and long-delayed bill passed in Parliament Tuesday night.

The turn of the financial year will bring some notable changes for the nation's small business sector, spanning from tax updates to apprentice hiring incentives and increased financial penalties.

Minister for Small Business Julie Collins has shied away from permanent changes to the instant asset write-off scheme, as small businesses endure another anxious wait for the cashflow-boosting measure to become law.

As the cost of living crunch continues, accountancy giant H&R Block and pay advance provider Beforepay are offering customers advance payments of up to $1,000 from their income tax return.

Cargo pants and bucket hats are not the only icons of the 90s that are making a comeback; even tax time scammers are recycling techniques from days gone by.