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Newsletter: July 2014
Tax debt release on serious hardship grounds refused In a recent case, the Administrative Appeals Tribunal (AAT) refused an individual’s … Read More
Newsletter: June 2014
Tax amnesty for undeclared offshore income The ATO has launched a voluntary disclosure initiative known as “Project DO IT: disclose … Read More
Newsletter: May 2014
Tax planning There are many ways in which entities can defer income, maximise deductions and take advantage of other tax … Read More
2014 Australian Small Business Champion Awards
The 2014 Australian Small Business Champion Awards was held on the 5th of April and Thompsons Australia was honored to … Read More
Newsletter: April 2014
Tax data net to be widened The government has proposed to improve taxpayer compliance through new third-party reporting regimes and … Read More
New privacy laws could leave many businesses vulnerable.
New Privacy Laws Changes to Australia’s privacy laws kicked in recently in what the Australian Information Commissioner, John McMillan, said … Read More
What is Division 293 tax?
What is Division 293 tax? Division 293 tax is being introduced from the 2012–13 year to reduce the tax concession … Read More
Free tax seminars
The Australian Taxation Office (ATO) is conducting seminars for small business via webinar. Webinars are online seminars that: allow you … Read More
Newsletter: March 2014
Local government payments in ATO sights The ATO has previously sought from local government council and shire authorities throughout New … Read More
Newsletter: February 2014
Business sale earnout arrangements back in spotlight The Coalition government has decided that it will proceed with a long-standing proposal … Read More
Newsletter: December 2013
Tax changes following carbon tax and mining tax repeal The Abbott government has introduced into Parliament proposed legislation to repeal … Read More
Newsletter: November 2013
Residency requirement for CGT home exemption failed The Administrative Appeals Tribunal (AAT) has denied an individual’s claim that an exemption … Read More