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
DISCLAIMER
Thompsons Australia Newsletters and articles are distributed by professional tax practitioners to provide information of general interest to our clients. The content of this newsletter does not constitute specific advice. Readers are encouraged to consult their tax adviser for advice on specific matters.