Tax Alert – May 2019

All of the latest tax news, views and clues for May 2019. This Alert addresses:

  • ATO to ramp up ABN investigations and cancellations
  • Fringe benefits tax: rates, thresholds and ATO focus for 2019–2020
  • Guidance on when a company carries on a business
  • Instant asset write-off with Budget changes now law
  • Rental deductions: ATO audits to double
  • Shortfall penalties reduced under new ATO initiative, and;
  • How the ATO identifies wealthy individuals and their businesses.