Top Tax Changes in 2018

by Dinesh Aggarwal | Feb 12, 2018 | Blog

SMALL BUSINESSES  AND COMPANIES

• From 1 July 2017, the concessional corporate tax rate of 27.5% will only be available for ‘‘base rate  entities’’, being entities with no more  than 80% of its income being ‘‘base rate  entity passive income’’
• The ATO will be allowed to disclose to Credit Reporting Bureaus the tax debt information of businesses that have not effectively  engaged with the ATO to manage these debts from 1 July 2017
• Simplified BAS reporting applies to small business entities from 1 July 2017.

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ATO warning on potential frauds and scams

by Dinesh Aggarwal | Feb 5, 2018 | Blog

The ATO has issued a public alert warning of a potential email scam affecting clients, following an increase in fraud activity in recent months. 

The ATO is warning of an email scam, which features the tax office’s letterhead and an email address similar to those used in official ATO correspondence. In an example email provided by the ATO, scammers are asking people to complete an online ‘tax form’ through a link that contains malware.

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