Personal director obligations for unpaid PAYG withholding tax will be beefed up under a draft bill released for comment. The bill also sheets home responsibility for unpaid super guarantee to company directors personally. The change was announced in the May Budget and was aimed at phoenix companies but ...

Assistant Treasurer Bill Shorten has foreshadowed that legislation will be introduced to increase compulsory superannuation guarantee from 13%. He also said ...

If you have to work in the sun for sustained periods during the day you can claim the cost of sunscreen lotion, sun hats and sunglasses purchased and used at work. The Tax Office considers ...

If your spouse carries out some work in the business you should consider forming a partnership. It is very important to document the arrangement to ensure the partners are ...

… previously on tax life … Sam was getting into the routine of quarterly reporting to the bank despite that…

For individuals and small businesses, prepayments can be claimed in full provided the period covered does not exceed 12 months and concludes before ...

If you are receiving a super pension it will revert to your spouse or dependants ... If you are 60 or over and do not have a spouse or dependants, the pension will stop ...

The Financial Review reports on allegations from a Tax Office whistle-blower that the Small and Medium Enterprise division lacks technical…

Non-residents who have permanently departed Australia can withdraw superannuation benefits on ...

Expecting a high taxable income? You can reduce this by bringing forward expenses likely to be incurred ...

The Tribunal has confirmed a Tax Office decision to include monies borrowed from a self-managed super fund (and subsequently repaid)…

The cash basis of taxing income can be used by most individuals. Under this method your income is not taxed until it is actually received ...

Question: We contracted a person for work. He gave us a tax invoice with ABN, GST etc. He was paid…

Democratic Senator Carl Levin has introduced a Bill to the US Senate, which will require that US multi-national corporations would…

... previously on tax life ... Sam was well in control of her responsibilities as executor of her brother Mick’s…