Tax

  • What’s changed, what’s new: preparing for EOFY 2021

    First 5000     |      June 24, 2021

    Submitting your EOFY tax return isn’t a simple task for many taxpayers and business owners – following another unusual year with additional allowances and tax subsidies, it’s important to be aware of all the changes. 

  • ATO flicks the switch on Online services for business

    First 5000     |      April 26, 2021

    The Australian Taxation Office (ATO) has ‘flicked the switch’ on for its new service Online services for business, replacing its existing Business Portal.

  • Have your say: future of payroll tax in Australia

    First 5000     |      January 15, 2021

    The Victorian Chamber of Commerce and Industry is seeking your assistance to better inform the public debate over the need for payroll tax reform in Australia by participating in the Payroll Tax on Australian Business Survey.

  • Ombudsman calls for new software-specific R&D Tax Incentive

    First 5000     |      January 12, 2021

    The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has called for an industry-specific R&D Tax Incentive, saying the current system is hampering investment and growth in the sector.

  • United call for Small Business Viability Review program in budget

    First 5000     |      September 30, 2020

    The nation’s peak accounting and bookkeeping bodies have joined forces with the Australian Small Business and Family Enterprise Ombudsman Kate Carnell to make a united call for a Small Business Viability Review program to be included in the Federal Budget.

  • ‘One stop shop’ for essential tax, super info on COVID-19 stimulus measures

    First 5000     |      March 26, 2020

    The Australian Taxation Office (ATO) has updated its website with essential information about tax and superannuation changes that have now become law following the passage of the Government’s Economic Support Package through the Parliament.

  • Have your say: Commissioner of Taxation Annual Report

    First 5000     |      March 11, 2020

    The Australian Parliament’s Tax and Revenue Committee has launched an inquiry into the Commissioner of Taxation Annual Report 2018-19.

  • Report reviews remote area tax concessions, payments

    First 5000     |      February 27, 2020

    The Productivity Commission has released its final report into three longstanding tax concessions and payments for remote areas.

  • ATO to visit 300 businesses in Bega, NSW south coast in November

    First 5000     |      November 4, 2019

    The Australian Taxation Office (ATO) today announced that it plans to visit around 300 businesses in Bega and the far south coast of New South Wales in November.  

  • Stress less if you have nothing to confess

    First 5000     |      September 27, 2019

    As part of its ongoing focus on closing tax gaps, the Australian Taxation Office (ATO) is scrutinising every tax return lodged and are on the lookout for incorrect claims this tax time.

  • Cleaners, couriers, and construction industry reminded to lodge TPAR

    First 5000     |      August 13, 2019

    Businesses that provide cleaning or courier services, as well as businesses in the building and construction industry may need to lodge a Taxable Payments Annual Report (TPAR) with the Australian Taxation Office (ATO) by 28 August 2019. 

  • Low and middle income tax offset passes parliament

    First 5000     |      July 8, 2019

    The government’s income tax cuts package passed through the Parliament late last week and the ATO said it is implementing the necessary system changes for taxpayers who have already lodged their tax return.

  • ‘Cash in hand’ payments to workers no longer tax deductible

    First 5000     |      June 18, 2019

    The Australian Taxation Office (ATO) has reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.

  • 30,000 reasons for SMEs to act fast

    First 5000     |      June 6, 2019

    Small and medium-sized enterprises (SMEs) must act fast to secure finance ahead of 30 June 2019 to take advantage of the $30,000 instant asset write-off in the current financial year, according to SME lender OnDeck Australia. 

  • ATO to iron out false laundry claims

    First 5000     |      June 4, 2019

    The Australian Taxation Office will target false clothing and laundry work-related expense claims this Tax Time. In 2018, around six million people claimed work-related clothing and laundry expenses totalling nearly $1.5 billion.

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