ATO plans auditor blitz for 18/19
The tax office has circled hundreds of audit firms for a visit this year, with concerns in particular about independence and low-cost, high-volume services.
TAX • Sun, 18 Feb 2018
5,000 tax agents linked to key ATO compliance target
SMSF lodgement is a major compliance focus for the tax office, and its monitoring and surveillance have found 5,000 tax agents are linked to 12,000 problem funds.
TAX • Thu, 15 Feb 2018
ATO gets defensive on big business tax compliance
As discontent stirs about the tough stance on small work-related expenses deductions, the ATO has issued a statement in defence of the systems and processes which monitor ...
ATO issues new taxpayer alert
After firing warning shots last year, the tax office has this week issued a blanket taxpayer alert about structured arrangements.
TAX • Wed, 14 Feb 2018
CA timetabling issues see more delays for students in 2018
Timetabling issues are again impacting the completion dates of students enrolled in the CA program, and the association is mulling further changes for those impacted.
BUSINESS • Wed, 14 Feb 2018
Outsourcing firm for accountants sold in major deal
The SMSF division of AMP, SuperConcepts, has wholly acquired a firm which provides outsourced services to hundreds of accounting firms.
BUSINESS • Tue, 13 Feb 2018
‘It’s a case of if, not when’: ATO disconnect stirs outage anxiety
The ATO’s resolve to upgrade its systems is clear, but the knowledge and resourcing gaps with infrastructure is creating anxiety about the “next big outage” for ...
TECHNOLOGY • Tue, 13 Feb 2018
CPA fears axe hangs over popular deductions
CPA Australia’s policy team fears that if the smoke signals the ATO is sending on work-related expenses are as bad as the commissioner suggests, there’s a good chance ...
TAX • Mon, 12 Feb 2018
Accountants encouraged to rally against Labor’s ‘significant policy change’
Labor’s plan to cap the deductibility of tax advice could be palatable to voters given it would raise $1
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