Escape from the country, but not your student loans
The Australian Taxation Office (ATO) will be contacting Australian expats in 2019 reminding them that leaving Australia doesn’t mean leaving their student loans behind.
Tag: tax
Banks need to move in-step with RBA
“Today’s (June 4 2019) decision by the RBA, combined with fiscal stimulus and the retention of current capital gains tax arrangements, will go a long way to supporting confidence in the housing market,” stated HIA’s Chief Economist, Tim Reardon.
ATO to iron out false laundry claims
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.
Tax cuts and training on the agenda as retailers urge Morrison to get down to business
The National Retail Association (NRA) has congratulated Prime Minster Scott Morrison on his re-election, and publicly backed the government’s promised personal and business tax cuts as being good for retailers.
Company tax cuts top SME wishlist
SME Growth Index research released shows that, when asked what SME priority the new Federal Parliament should focus on, company tax cuts was the top response.
TPB welcomes Inspector-General of Taxation report on future of tax profession
The Tax Practitioners Board (TPB) welcomes the release of a report by the Inspector-General of Taxation and Taxation Ombudsman (IGTO) on the role of the tax profession into the future.
Ombudsman concerned with number of ATO garnishees
The number of ATO garnishee debt-recovery notices released each day, as reported in the Acting Inspector-General of Taxation and Taxation Ombudsman’s (IGTO) review, is of great concern to the Australian Small Business and Family Enterprise Ombudsman.
Industry roundtable on property taxation impacts
The Property Council of Australia was pleased to participate in an industry roundtable on the impact of changes to negative gearing and capital gains tax.
Senate Inquiry right that R and D cuts are wrong
“The Government should listen to the unanimous recommendations of the Senate Standing Committee on Economics, and the widespread warnings from industry, and rethink its proposed cuts to the Research and Development Tax Incentive (R&DTI),” Australian Industry Group Chief Executive Innes Willox said.
Tax assistance for people impacted by floods in North Queensland
The Australian Taxation Office (ATO) announced that people impacted by the recent floods in North Queensland will be granted extra time to deal with their tax affairs.
Retailers welcome boost to instant asset write off
The National Retail Association (NRA) has welcomed the increased tax deduction for business assets, saying it would make life easier for business owners and boost purchasing activity.
Instant Asset write-off extension a significant boost to SME investment
“SMEs across the country will welcome the announcement by the Prime Minister of the planned extension for the 2019-20 year of instant asset write-off arrangements for Australian SMEs and a raising of the threshold from $20,000 to $25,000 from today,” Innes Willox, Chief Executive of…