A business industry code (BIC) is a five-digit code you include on relevant tax returns and schedules that describes your main business ac..

When making a claim in relation to your residential rental property, there are specific circumstances for when you can and cannot claim tr..

To qualify for small business CGT concessions, an asset must meet the conditions of the Active Asset Test to apply. An asset is considered..

The taxable payment reporting system (TPRS) has extended to further businesses that provide particular services and those that pay contrac..

Capital Gains Tax (CGT) events occur when an individual or company makes a capital gain or capital loss by selling or disposing of an asse..

Taxpayers are responsible for safely storing a written backup copy of their tax record in case the original electronic form becomes inacce..

Businesses can no longer claim deductions for payments to workers if they have not met their pay as you go (PAYG) withholding obligations…

The ATO has released the Taxation Determination 2019/9, which outlines changes to the fringe benefits tax (FBT) car parking threshold.

Th..

The ATO has developed a new toolkit that helps small business owners to understand their entitlements and avoid mistakes in their tax retu..

The Australian Taxation Office (ATO) is warning taxpayers to keep an eye out for people posing as tax agents who are not registered with t..