Legislation passed by Parliament late last month introduces a new test that will restrict some companies from accessing the lower company tax rate from the 2017-18 financial year.
New domestic violence leave entitlements come into force
Tax ‘safe harbour’ for inherited property
190,000 taxpayers ‘examined’ in ATO online rental blitz
ATO takes its share of car sharing
The extra income earned by people taking part in car sharing services such as Car Next Door or DriveMyCar has come to the attention of the ATO.