Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Inside the Federal Budget 2018-19: Delivering a stronger economy

Inside the Federal Budget 2018-19: Delivering a stronger economy

Treasurer Scott Morrison has delivered the Federal Budget for 2018-19 and the Thomson Reuters Tax News Team has all the tax measures covered in our comprehensive Federal Budget Report. Here is a wrap-up of the highlights from Budget Night. … Read More

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

35 tax and related Bills stuck in Parliamentary logjam

35 tax and related Bills stuck in Parliamentary logjam

Federal Parliament might have gone for the year, but there are a substantial number of tax and related Bills that are still before Parliament in respect of which debate will not resume until 2018. They include some important amendments affecting a wide range of taxpayers. Issue 52 of Thomson Reuters 2017 Weekly Tax Bulletin lists 35 such […] … Read More