Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Are you tax-ready in 2018?

Did you know that most landlords can no longer claim a deduction for travel costs connected with an investment property? So that trip to the Gold Coast to inspect your rental unit is no longer deductible. There are also restrictions on claiming depreciation on second-hand assets used in a rental property. There are exceptions, in […]

Are you tax-ready in 2018?

Are you tax-ready in 2018?

Did you know that most landlords can no longer claim a deduction for travel costs connected with an investment property? So that trip to the Gold Coast to inspect your rental unit is no longer deductible. There are also restrictions on claiming depreciation on second-hand assets used in a rental property. There are exceptions, in […] … Read More

Infographic: reach BEPS success

Infographic: reach BEPS success

A global Thomson Reuters survey has found low levels of confidence among tax executives about how prepared their systems and processes are for the new BEPS regime. With mistakes being costly, around $525,000 in fines costly, Australian businesses cannot risk a late lodgement to the ATO. Download the full infographic here and learn what best-practice BEPS […] … Read More

2017 – another big year in tax! Just look at what WTB covered

2017 – another big year in tax! Just look at what WTB covered

Tax professionals know that 2017 has been another big year in tax. Are there any other kind of tax years other than big ones, you might ask!  Clearly not! The proof of all of this comes from the Thomson Reuters Weekly Tax Bulletin: In 2017, WTB reported over 1,800 tax, superannuation and related developments. This includes […] … Read More

ATO corporate tax transparency report – looking beyond the raw data

ATO corporate tax transparency report – looking beyond the raw data

The ATO has published its corporate tax transparency report for 2015-16. The report includes: 1,693 Australian public and foreign-owned companies with an income of $100 million or more; and 350 Australian-owned resident private companies with an income of $200 million or more. ATO Deputy Commissioner, Jeremy Hirschhorn said the community should have confidence that the […] … Read More

Infographic: Confronting the BEPS obstacles

Infographic: Confronting the BEPS obstacles

The BEPS regime is almost upon us and multinational businesses bear the burden of implementing new systems and new processes to make the BEPS measures work, or face crippling fines. Survey data confirms that many finance and tax executives lack complete confidence in their BEPS implementation. You can view our extensive survey data and insights by downloading […] … Read More

BEPS: Making sure you get credit, not blame

BEPS: Making sure you get credit, not blame

If you’re working as the chief financial officer or running the tax team for a multinational company, you will have noticed a change in the climate. Around the world, a lot more people are interested in what you do. It’s suddenly not just the media and political junkies who care about multinational corporate taxes. Arguments […] … Read More