• $2.7 billion protected from the black economy

    First 5000     |      February 12, 2019

    The taxable payments reporting system (TPRS) protected $2.7 billion from being lost to the black economy in the building and construction industry in the 2015-16 financial year.

  • ATO releases corporate tax data

    First 5000     |      December 14, 2018

    The Australian Tax Office has published information about Australia’s corporate tax system, which continues to build a picture of the tax affairs of the largest companies operating in Australia.

  • Tax relief for small and medium-sized businesses

    First 5000     |      November 13, 2018

    Millions of small and medium–sized businesses across Australia will pay less tax five years sooner, with new laws fast-tracking tax relief for the sector passing Parliament, last month.

  • Check now for your share of $17.5b in lost super

    First 5000     |      October 13, 2018

    New data released by the Australian Taxation Office reveals the total amount of lost and unclaimed super was reduced by over $420 million in 2017-18 but there is still $17.5 billion waiting to be found.

  • Shifty sales suppression tools outlawed

    First 5000     |      October 11, 2018

    It is now illegal to manufacture, distribute, possess, use or sell electronic sales suppression tools (ESSTs).

  • A new era of payroll reporting has begun

    First 5000     |      September 9, 2018

    Single Touch Payroll reporting is off to a successful start, with around 40,000 employers already sending tax and super information from their payroll software each time they pay their employees.

  • Superannuation needs deeper reforms

    Julian Lorkin     |      August 14, 2018

    Changes announced to superannuation insurance are just the start of what’s needed, says UNSW Senior Lecturer Gordon Mackenzie.

  • 10 tax myths busted!

    First 5000     |      July 30, 2018

    Tax season is underway and to help Australians get their returns right, the Australian Taxation Office has identified the top 10 tax myths and misunderstandings it says are causing incorrect claims.