Featured Article
How to reduce your tax penalties and/or GIC
If your tax debt includes a tax penalty and/or general interest charge (GIC) you can apply for a reduction or elimination of the tax penalty and/or GIC.
What types of tax penalties can be reduced?
The ATO issues tax penalties for several reasons, for example when a taxpayer has:
- made a false or misleading statement;
- taken a position that is not reasonably arguable;
- entered into a tax avoidance scheme;
- failed to lodge
Tax Audit
Payroll tax crackdown
The number of companies being audited over payroll tax compliance has dramatically increased and most companies audited have been found to have increased payroll tax liability. […][…]
Tax Advice
Transfer Pricing: Diverted Profits Tax regime
The Australian Government has demonstrated its commitment to discouraging artificial transfer pricing with the introduction of the Diverted Profits Tax (“DPT”) legislation. The measures were announced […][…]
Tax Advice
Don’t pay cash on Gumtree, Ebay if you want a tax deduction
If you buy a work related item on Gumtree or Ebay, don’t pay cash because you will have no record of the purchase as shown in […][…]
Tax Residency
Australians living overseas must start repaying student loans: HELP, TSL, HECS
If you are an Australian living overseas and you have a student loan, then you must register on MyGov by 1 July 2017 and start repaying […][…]
Superannuation
Super Reform 2016
Treasury have (finally) released details of draft legislation of the first tranche of the 2016 superannuation reform. Still no word on the controversial contribution cap. The […][…]
Tax Audit
Received an ATO letter? Keep Calm
The ATO Letter … So – you have received a letter from the ATO. You may have forgotten to lodge a number of BASs. You might […][…]
