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  1. ATO warns taxpayers on ‘double dipping’ with WFH deductions

    or a diary or whatever they use to record that on,” said Thomson. “The second part we want to remind people about is that last year we increased the rate but also the scope of the deductions that were included in the fixed rate method to include things...

  2. ATO warns SMSFs on franking credits scheme

    against claiming franking credit benefits by channelling dividends from shares in private companies through SMSFs. The ATO last week issued taxpayer alert TA 2015/1 warning SMSF members against the practice. According to the ATO, this occurs when a...

    • Type: Article
    • Author: Staff Reporter
    • Category: Super

  3. ATO warns SMSF on sole purpose test for property investment

    director of the SMSF auditors segment. In a presentation to the SMSF Australian Auditors Association Conference in Sydney last week, Paul Delahunty said the rules around property investment for SMSF are clear-cut and there are three key considerations...

  4. ATO warns on poor asset records causing SMSF breaches

    personal debts because they were not recorded correctly. Speaking at the SMSF Association’s national conference in Adelaide last week, ATO assistant commissioner Kasey Macfarlane said it is important fund assets are clearly distinguished as such, and...

    • Type: Article
    • Author: Miranda Brownlee
    • Category: Super

  5. ATO warns of raids on tax agents

    are setting out to cheat the system and where records may be destroyed if we give notice,” he said. The tax office announced last week that phoenix activity costs the Australian economy up to $3.2 billion each year, with honest businesses losing almost...

    • Type: Article
    • Author: Staff Reporter
    • Category: Tax

  6. ATO warns of new TFN robocall scam

    or fraudulent activity and that there are several allegations against them. They will then be asked to provide the last four digits of their TFN, address, date of birth, name of their bank account, and the approximate amount of money in the account/s....

  7. ATO warns of crypto crackdown

    ATO is using data matching to make sure nothing slips through the net, acting assistant commissioner Sylvia Gallagher said last week. With more than half a million Aussies buying, selling or exchanging digital coins, she said: “If you’re not already...

  8. ATO warns accountants they face $500m shortfall

    according to ATO second commissioner Geoff Leeper. Speaking at the Accountants Technology Showcase Australia in Melbourne last week, Mr Leeper warned accountants to move away from offering tax compliance services and concentrate on offering their...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  9. ATO waives Part 7 penalty amid SG amnesty hold up

    disclose historical underpayment of the superannuation guarantee, despite the proposed amnesty not yet law. On 24 May last year, the government announced a superannuation guarantee (SG) amnesty which would give employers an opportunity to rectify past...

  10. ATO vows to fix systems for tax time as downtime looms

    next three months, including over Easter weekend. This comes after the ATO commissioner Chris Jordan AO released a statement last month promising that all portals and systems will be running smoothly for tax time. “I can assure the community that we are...

  11. ATO VIPER taskforce arrests 14 people in latest illicit tobacco blitz

    been arrested following the uncovering of $4.8 million worth of illicit tobacco during an ATO VIPER Taskforce investigation. Last week, detectives from the VIPER taskforce and Victorian Police conducted warrants at 12 tobacco stores in Melbourne,...

  12. ATO urges workers to claim $17.8bn in lost super

    The billions in lost and unclaimed super is spread across 7.1 million accounts and has grown by around $2 billion since last year and $4 billion since 2021. ATO deputy commissioner Emma Rosenzweig urged Australians to check if they were owed a portion...

  13. 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...

  14. ATO urges caution on publication of JobKeeper documents, responding to reports

    laws has prompted words of warning from the ATO, which suggests the documents alone portray an incomplete picture. The ATO last week issued words of warning to publishers who will soon have access to a trove of documents related to the administration of...

  15. ATO urged to reintroduce work-from-home shortcut

    as swathes of the nation’s population continue to feel the impacts of lockdown restrictions. “The tax deduction introduced last year, a ‘shortcut’ working-from-home deduction of 80 cents per hour, was only temporary and cannot be used for tax claims...

  16. ATO urged to clarify JobKeeper repayments tax treatment

    to return JobKeeper payments, the Tax Office has been urged to confirm if such voluntary repayments are tax-deductible. Last week, Toyota Australia announced it had approached the ATO to return more than $18 million in wage subsidy payments after...

  17. ATO ups crackdown on holiday homes

    out taxpayers making incorrect claims for deductions on rental properties, and holiday homes in particular, this tax time. Last year, the ATO identified a large number of mistakes with deductions for rental properties, particularly with regards to...

  18. ATO updates TBAR guidance ahead of new time frames

    will be impacted and let them know about the change. “Get your reporting in as soon as possible. Don’t leave it [until] the last moment,” Ms Vellotti cautioned.

  19. ATO updates process for requesting non-binding advice

    “We’ve updated our superannuation enquiries page to show you the new way to lodge enquiries,” the ATO said. In late December last year, the ATO closed its professional-to-professional (P2P) mailbox that was used by SMSF auditors to request non-binding...

  20. ATO updates myGov linking process to combat fraud

    make it easier for [clients] to link their myGov account to the ATO and provide stronger account security,” the ATO said. Last year, the ATO released its 2025 Fraud and Corruption Control Plan, implementing its fraud and corruption framework through a...

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