Small Business Strategy to chart future course
The NSW government has launched a public consultation on its new Small Business Strategy, which will chart the course...
READ MOREATO mulls changes for 'confusing' CGT system
The ATO has floated the idea of a simpler approach to elements of capital gains tax (CGT) in an effort to minimise what is currently a huge amount of “unnecessary and confusing clutter.”
Speaking at the Tax Institute and the Australian Tax Research Foundation 2017 forum, ATO second commissioner Andrew Mills said a simple principled approach to CGT events would bring about flexibility in dealing with changing world and emerging practices.
Read the full article on Accountants Daily.
Number of new businesses rises despite pandemic challenges
The number of businesses trading in Australia at the end of June 2021 has increased nearly 4 per cent, despite the...
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GST fraud crackdown ‘will punish legitimate claims’
The ATO’s crackdown on GST fraud will hit legitimate businesses that rely on refunds for cash flow, said Tony Greco...
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