Assuming last is required, the following 4011 results were found.

  1. ATO’s adviser strategy zeroes in on late-paying partners

    practitioner. The ATO uses risk modelling to assess compliance with the guidelines. The adviser strategy was introduced last year and applies to a range of advisers from tax and BAS agents, to legal and insolvency practitioners, financial advisers, and...

  2. AFSA’s positive discrimination makes inroads for female trustees

    to actually hire women, to promote women.” Recent statistics show 40 per cent of trustees coming into the profession in the last two years were women, and “the majority of those leaving the system are men”. “That’s positive in terms of status change the...

  3. PwC axes over 300 jobs in major restructure

    and private sector clients.” This latest round of job cuts follows previous job losses at PwC announced in November last year as the firm continues to grapple with the fallout of its tax leaks scandal and reduced demand. In November, 141 jobs were cut...

  4. ASIC acts against 15 auditors over in-house audit concerns

    These latest actions taken by ASIC follow the compliance action it undertook against nine auditors in the December quarter last year for conduct that did not meet the required standards. This included concerns about compliance with auditing and...

  5. AAT rules against ATO’s ‘incorrect’ $1.4m fine on Perth taxpayer

    $2.9 million in outstanding income tax liabilities dating back to 2014. AAT deputy president Boyle said in a judgment last week the penalty was “excessive or otherwise incorrect and that the assessment should have been that no penalty was applicable”....

  6. Canberra to create $8m ‘one-stop-shop’ small business cyber service

    recommending specific actions, tools and guidance best suited to the small business’ risk, situation and capability.” In the last financial year, nearly 94,000 cyber crimes were reported to the Australian Cyber Security Centre, the government said. This...

  7. Beware of ‘quirks’ in draft GST ruling, cautions tax expert

    claiming input tax credits following the recent release of MT 2024/D1, Accurium has said in a recent educational webinar. Last month, the ATO released the draft taxation ruling, MT 2024/D1 which outlines the time limits for claiming an input tax or fuel...

  8. Reserve Bank reveals latest cash rate decision

    latter half,” in line with central banks in the US, UK and Europe. “All indicators point to inflation falling faster than last year’s forecasts,” she said, and a rapid uptick in the unemployment rate could also prompt the RBA to bring rate cuts forward...

  9. DPNs surge to over 18k as ATO ramps up activity

    exceed the pre-pandemic levels. Wind-up notices are the strictest method used by the ATO to pay their debt and are used as a last resort by the Tax Office, Darin said. “The wind-up notices during Covid were reduced to basically nothing, we’re now in a...

  10. ATO admits to fast-tracking client linking over fraud concerns

    to expand CAL without any consultation which it previously said it would not do without stakeholder input,” Greco said. Last week, Matthew Addison from the Institute of Certified Bookkeepers also weighed in by saying “the ATO has shown no signs of being...

  11. Bowerman decision highlights flaws with ATO approach to losses

    and sale of the apartment was considered to be a ‘commercial transaction’ In its decision impact statement issued last week, the ATO stated that the Bowerman decision was an unusual case that would limit the application of the AAT’s decision in future...

  12. Mackay Goodwin ventures west with Perth boutique acquisition

    Goodwin has expanded into Western Australia with the acquisition of Perth boutique GTS Advisory, it announced in a statement last week. The opening of a Perth-based office means the firm now has 12 locations across the country and a presence in every...

  13. ‘Like banging heads against a brick wall’: agents blast client linking

    tired of doing the ATO’s work” as they spend hours helping clients navigate the complex regime. Exasperated tax agents have blasted the ATO’s client-agent linking (CAL) as a “ridiculous” regime that has caused wasted hours, lost clients and feels akin...

  14. ATO’s debts on hold campaign prompts new IGTO guidance

    tell people they owe money to the government. The report has been issued off the back of community concerns that were raised last year regarding the ATO’s approach to debt collection. The ATO issued tens of thousands of letters both to tax agents and...

  15. $5.2m in illicit tobacco destroyed following ATO investigation

    and destroyed more than 2,700kg of illicit tobacco at a property in Pentland Hills, Victoria. Officers attended the property last week and located four acres of illicit tobacco crops with an estimated excise value of $5.2 million. The ATO said that...

  16. Inquiry report identifies lack of ‘genuine change’ by PwC

    The latest report, PwC: The Cover-up Worsens the Crime, follows an earlier report released by the Senate Committee in June last year. In its findings within the report, the committee said the current PwC leadership has recognised the need for change...

  17. Client-agent linking threatening ‘viability of practices’, CA ANZ tells ATO

    in the current system, which has left tax agents and clients unable to fulfil lodgement obligations. “When the mode of last resort is contacting the ATO, this has caused a lot of frustration for clients. Clients are on hold for hours with the ATO,” CA...

  18. ATO raises concerns over $200m in illegal SMSF loans

    each year in the form of prohibited loans, ATO assistant commissioner Justin Micael has warned. The ATO previously outlined last month that $635 million had been withdrawn from SMSFs illegally over a two year period. However, this estimate does not...

  19. Payroll errors more likely under Closing Loopholes reforms

    as a ‘direct result’ of the recent industrial relations reforms, research finds. Having committed no payroll error over the last 12 months would place an Australian business in the minority. Wage theft is now a criminal offence across the country,...

  20. ATO urges NFPs to start preparing for new reporting requirement

    date is in October, there are things you should do now to make sure you are ready. We also recommend not waiting until the last moment to report, you can report from as early as 1 July.” The ATO said NFPs who have an active ABN can get ready now by...