ATO targets property flipping renovators, clarity on the company tax rate rules and what they mean for the 2017 and 2018 years, and how the taxable payment reporting system works for cleaners and couriers.
Join the Knowledge Shop team for all this and more.
Join Michael Carruthers (Tax Director, Knowledge Shop), and Lisa Armstrong (MD, Knowledge Shop), for just the juicy bits of change for accountants and advisers:
- Clarity on the company tax rate rules for 2017 and beyond with the introduction of legislation to Parliament and a draft ruling from the ATO
- The updated ATO guidance targeting ‘property flipping’ and why the application of the main residence exemption may be contested for some renovators
- Draft legislation expanding the taxable payment reporting system to cleaning and courier services – any why there are differences to the building and construction industry