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New tax ruling on ‘carrying on a business’ released

New tax ruling on ‘carrying on a business’ released

by Shared by Accountants Daily | Apr 10, 2019 | News

The ATO has released TR 2019/1, replacing the previous draft TR 2017/D7, setting out the Commissioner’s view on when a company carries on a business for accessing the lower corporate tax rate of 27.5 per cent in the 2015-16 and 2016-17 income years, and for...
Senate report backs more legal assistance for small businesses

Senate report backs more legal assistance for small businesses

by Shared by the Age | Apr 9, 2019 | News

The legal and constitutional affairs committee released its report on dispute resolution on Monday, arguing that in the months after the royal commission into financial services, smaller operators and consumers still faced barriers to resolving concerns with banking...
Ombudsman to support small business in defence industry

Ombudsman to support small business in defence industry

by Maja Garaca Djurdjevic | Apr 9, 2019 | News

Ms Carnell’s role on the advisory board of the CDIC is expected to help small to medium enterprises (SMEs), working with defence, participate in strategic partnerships that will allow them to innovate and grow their businesses.  “There are many millions of...
House prices set to fall another 10pc before 2020 rebound

House prices set to fall another 10pc before 2020 rebound

by Read more at ABC | Apr 9, 2019 | News

Nationally, Moody’s expects house prices in capital cities to fall 7.7 per cent this year, having declined 1.8 per cent last year, while units are tipped for a smaller 4.3 per cent decline in 2019. Read more at the ABC. 
FBT red flags marked by ATO for 2019 lodgement

FBT red flags marked by ATO for 2019 lodgement

by Shared by Accountants Daily | Apr 9, 2019 | News

Car fringe benefits will be a top item that will attract the Tax Office’s attention this year, with the agency warning against failing to report benefits, incorrectly applying exemption for vehicles or incorrectly claiming reductions for these benefits. Read more at...
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