Tag: tax
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ATO mental health support for small business
The ATO has said that it is committed to helping to address the issue of mental health for small businesses. Deputy Commissioner Deborah Jenkins has attended the Small Business Mental Health roundtable chaired by Senator Michaelia Cash, Minister for Small and Family Business, Skills and Vocational Education at Parliament House. Ms Jenkins said that the…
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Donald Trump has his 2005 taxes revealed
After years of questions and contention, Donald Trump has finally released his tax returns. The White House revealed two pages of President Trump’s 2005 taxes after learning that the MSNBC had obtained the documents. Minutes before MSNBC journalist Rachel Maddow was set to air the release, the White House released the documents. BREAKING: We've got Trump…
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ATO targeting the cash in hand economy
The Australian Tax Office (ATO) is cracking down on the cash in hand economy that generates up to $15 million in turnover each year. Currently, 1.6 million businesses that operate with cash only, including hairdressers, cafes and trade persons. Assistant Commissioner Tom Wheeler has said that the measure is not targeting any particular business. “We know that the majority…
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Q&A Recap: A Melbourne dad, the tax threshold and a $6000 toaster
Melbourne truck driver and father of two, Duncan Storrar stole the show on Monday night’s episode of Q&A on ABC. The panel consisted of assistant treasurer Kelly O’Dwyer, the Green’s Adam Bandt, Labor’s Andrew Leigh, Australian Industry Group CEO Innes Willox, and Australian Council of Social Services boss Cassandra Goldie. Storrar asked, “I’ve got a disability and…
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Shorten’s take on the 2016 budget
Opposition leader Bill Shorten has recently provided a rebuttal against Turnbull’s proposed 2016 budget as announced this week. Shorten did not hold back in his criticisms of the current prime minister, claiming that the PM’s budget caters only to the top few or, as Shorten puts it, “Malcolm’s Millionares”. According to Shorten, this budget prioritises big…