Tax

The cost of light vehicles is getting heavier!

Underutilised vehicles still have employers incurring running costs and paying FBT when there may be a more efficient means.

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Justified Trust: COVID tax lull over for private groups and wealthy individuals

Late last month, the ATO released a findings’ report in relation to its ‘Top 500’ private groups tax performance program. This assurance program is part of the wider Justified Trust initiative to ensure all Australian corporate taxpayers pay the right amount of tax

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Federal and NSW government measures to support business and households

Until the vaccination program is successfully executed policy makers will need to maintain a deft touch with one foot on the brake and the other on the accelerator.

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Principles for an innovative software development tax incentive

The need for new measures that encourage investment in innovation is vital as the Australian economy looks to recover from COVID-19.

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Historic agreement on international taxation

On 1 July 2021, in an historic agreement, 130 countries have agreed to a statement providing a framework for reform of the international tax rules.

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Questions for your tax return this year: cryptocurrency? working from home? super contributions?

The end of the financial year is fast approaching and it’s time to start collating all of your information to ensure you get your tax return sorted, andpay the right amount of tax.

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Hopes of global tax agreement rise as US changes tack

The prospects of a historic and wide-ranging global tax agreement in the middle of this year has been significantly enhanced by the position adopted by the Biden administration.

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Mid-market businesses upbeat and emerging from COVID-19 with confidence

In encouraging signs for future growth and innovation, one third took advantage of the Instant Asset Write-off and plan to follow suit with the R&D Tax Incentive.

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Electric Vehicles Tax: funding the road to the future: Victorian Budget

The widespread adoption of electric vehicles will significantly reduce Australia’s carbon footprint and it is important we have the right incentives to encourage better choices for our environment.

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Family business sector needs tax boost to emerge from COVID-19

It is often said that the Small to Medium-Sized Enterprise (SME) sector is the engine-room of the economy. But is not an overstatement to say that family business is the very foundation of the global economy.

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KPMG comments on the OECD’s $140bn digital tax proposals

The OECD has released important information on its work to find international consensus on how to deal with the tax challenges of the digitalisation of the economy.

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Budget tax breaks represent important boost for business

Overall this is a Budget with plenty of useful and targeted measures for business.

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Grant Wardell-Johnson, KPMG Lead Tax Partner responds to Budget 2020

At a deeper level we face a paradox, that a crisis situation needs fundamental reform but it is also a difficult environment to achieve that reform in.

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