New legislation prevents taxpayers from claiming expenses incurred for holding vacant land. Keep reading for vacant land deduction changes!
Vacant land deduction changes hit ‘Mum & Dad’ property developments
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Taxation
Can the ATO take money out of your account?
Prime-time advertising have released a Your Right to Know campaign. The question is, can the ATO take money out of your account?
Tax alert: Distributions to non-resident beneficiaries
The ATO has released a tax alert: distributions to non-resident beneficiaries which may have a significant negative impact for some Australian trusts.
The $11.1 billion small business tax shortfall
Statistics show small business is responsible for 12.5% of the total estimated ‘tax gap’. So what makes up the $11.1 billion small business tax shortfall?
ATO take ‘gloves off’ on overseas income
The ATO has again flagged that under reporting of foreign income is an issue but this time the ATO take ‘gloves off’ on overseas income.