Tax Archives - SmartCompany

Rob Heferen’s first ATO corporate plan: “Increased focus” on businesses debts and a new SME blueprint

David Adams — Wed, 14 Aug 2024 02:20:58 +0000

The Australian Taxation Office is pledging an "increased focus" on lingering business debts while preparing a new, multi-year program to improve small business tax performance.

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“Pile of new red tape”: Coalition pushes to disallow controversial rules for tax practitioners

David Adams — Tue, 13 Aug 2024 23:43:25 +0000

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.

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Sole traders are under pressure, but the tide is turning to digital tax tools

Nicole Kelly — Wed, 07 Aug 2024 00:19:10 +0000

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

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“Conditions are extremely tough”: Senator David Pocock urges Labor to expand asset write-off to help small businesses

David Adams — Wed, 07 Aug 2024 00:00:52 +0000

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.

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Accountants welcome last-minute reprieve from new tax rules, but fear extra costs and red tape

David Adams — Tue, 06 Aug 2024 23:43:30 +0000

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'.

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The 2023-2024 tax season, by the numbers

David Adams — Tue, 06 Aug 2024 23:25:55 +0000

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.

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Subsidised ‘big, dumb’ utes cost Aussie taxpayers $250 million

William Ton — Mon, 22 Jul 2024 00:34:24 +0000

Large utes are exempt from the Luxury Car Tax while contributing to higher carbon emissions, road damage and serious safety concerns, according to a report by think tank the Australia Institute.

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Petition against “unfair and unworkable” tax agent rules attracts 2,000 signatures

David Adams — Fri, 19 Jul 2024 01:54:39 +0000

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.

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“Potential consequences”: Treasury proposal to close tax agent registration pathway draws concern

David Adams — Thu, 18 Jul 2024 23:44:27 +0000

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.

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ATO reducing tax refund SMS messages after scam onslaught

David Adams — Thu, 18 Jul 2024 01:33:46 +0000

The ATO will no longer send an SMS message to taxpayers to inform them their tax return has been processed, as the rising tide of fraudulent messages makes it difficult to discern real communications from costly scams.

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