Taxpayers call for broad tax reform ahead of budget

BDO’s countdown to budget 2017 poll shows that up to 83 per cent of 1,200 respondents agree that the government should reintroduce a broad tax reform process that covers both federal and state taxes.BDO tax partner Mark Molesworth said he was surprised by the response...

‘Long overdue’ change welcomed by IPA

Announced in the 2016-17 budget, the move allows businesses with a turnover of less than $10 million to access concessions that were only previously available to entities with a turnover of less than $2 million.IPA chief executive officer Andrew Conway said the change...

UN recognises small business on global scale

The UN General Assembly designated June 27 “MSMEs Day” following a resolution authored by the Permanent Mission of Argentina, with the support of the International Council for Small Business (ICSB).The resolution was co-sponsored by 45 member states, representing more...

ATO grants deadline, refund relief for Queenslanders

Automatic deferrals of one month are now in place for tax lodgement and payment dates for people in affected postcodes, while debt recovery action has been suspended until the end of May 2017.Tax Commissioner Chris Jordan said taxpayers do not have to apply for a...

ATO makes surprise visits in phoenix crackdown

A Fair Work Australia report put the cost of illegal phoenix activity to the Australian economy at potentially more than $3 billion annually.ATO deputy commissioner Michael Cranston said the visits are part of ongoing investigations into illegal phoenix activity in...