All of the latest tax news, views and clues for September 2023.

This Alert addresses:

  • Simplifying individual tax residency: government consultation – Movement may be afoot on the complex issue of individual tax residency in Australia.
  • ATO crackdown on TPAR lodgments – The ATO has recently issued more than 16,000 penalties for businesses who failed to lodge their TPARs for previous years despite receiving multiple reminders.
  • Small business bonus deduction: technology investment – Small businesses may be able to get a bonus 20% tax deduction for any business expenses and depreciating assets used to improve their digital operations.
  • Small business energy incentive – The Federal Government has released plans to introduce an energy incentive to help small and medium businesses electrify and save on their energy bills.