Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Budget 2018-19: Mining the smart economy with a fresh take on R&D tax incentives
What’s on the menu for the 2018-19 Federal Budget?
ATO use of data in CbC reports

ATO use of data in CbC reports

Country-by-country (CbC) reporting is expected to be a “game changer” for the Australian Tax Office (ATO) and its corporate tax compliance activities. This makes it essential for corporate tax managers to understand how the data they provide in CbC reports may be used by the ATO for compliance purposes. While tax officials are generally very […] … Read More

Celebrating the rise and rise of Fintech Business Down Under

Celebrating the rise and rise of Fintech Business Down Under

With the 2018 Fintech Business Awards just a week away, as the Principal Partner, Thomson Reuters will be joining the industry to recognise and reward some of those behind the innovative products and solutions developed by Australia’s industry. … Read More

Phoenix falling: New GST measure to fight tax avoidance in the property sector

Phoenix falling: New GST measure to fight tax avoidance in the property sector

Desperate times call for desperate measures. Following an ATO submission to the 2015 Senate Inquiry on ‘Insolvency in the Australian construction industry’, which reported that $1.8 billion in GST debt had been written off as a result of phoenix activity by property developers, the Australian Government announced drastic changes in the 2017-18 Budget which would attempt to stem the bleed. … Read More