Tags Tax

Tag: Tax

Why big super’s pseudo-SMSF won’t deliver

Putting lipstick on the proverbial pig is what we’re seeing with pseudo-SMSF. It can be detrimental to those who want to step into the world of SMSF and take control of their financial future.

The ATO’s small business taxation dispute service has been made permanent

Small businesses with an annual turnover of under $10 million are eligible to apply for the service...

ATO reports biggest penalty handed down in Research & Development Tax history

$22.68 million in penalties have been handed down by the Federal Court, the largest amount in Research and Development Tax (R&DT) history.

What Biden’s and Trump’s tax policies mean for Australian businesses

Tax policy under a Biden presidency may facilitate more US investment into Australia than a Trump presidency, according to the United States Studies Centre. Biden...

Accountants welcome business tax changes in the 2020-21 Budget

The business tax changes under the 2020-21 Budget have been met with positive feedback from professional accounting bodies and tax experts. Two of the key...

Will we see more Australian businesses transact with cryptocurrency?

Cryptocurrencies have had a rocky road towards mainstream acceptance. In 2017, the CEO of JP Morgan, Jamie Dimon, called bitcoin “a fraud". However in...

Guidance needed on JobKeeper subsidised R&D and transfer pricing rules

Early this week, the Tax Institute of Australia (TIA) called for guidance material on the JobKeeper scheme in relation to the R&D Tax Concession...

Keeping on top of your taxes: Interview with Kirsten Fish, ATO Deputy Commissioner Small Business

Amidst the constantly changing news cycle and rule amendments, it can be hard for SMEs to keep track of their tax obligations.  We interviewed...

R&D tax incentive inquiry delayed a third time

Businesses have been plunged into further uncertainty as the Senate inquiry into R&D tax incentive ('RDTI') reforms is delayed a third time this year. What...

$1.8 billion reduction in R&D tax incentives is a major setback for Australian businesses

Proposed changes to R&D tax incentives (RDTIs) could reduce future R&D expenditure, undermining innovation and the development of new industries in the long-term. In...