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  1. ATO updates guidance on promoter penalty laws

    superannuation despite release criteria not being satisfied. Concerns around illegal access to super were raised by the ATO last year after it identified 1,200 taxpayers who withdrew money under the COVID-19 early release of super measure and...

  2. ATO updates client-agent linking system to prevent ‘inadvertent errors’

    client agent linking (CAL) process,” said Franks. Franks said while the announced changes by the ATO will improve one of the last steps, the ability of a tax agent to link to a client, it does not address the main issues that tax agents face. “These...

  3. ATO unveils new lodgement deferral phone service

    support is available to all tax professionals whenever you need it,” said Ms Wood in an open letter to the tax profession last month. “Our supported lodgement program is available for when you have been affected by issues such as ill-health, the loss of...

  4. ATO unveils new communications preferences function

    essentially undoes the myGov problem.” Agent concerns over myGov communication visibility have spiked over the last year as up to 4 million taxpayers were expected to sign up to myGov following the introduction of the Single Touch Payroll regime, making...

  5. ATO undertaking 'aggressive' surveillance campaign

    Clint Harding, a partner at Arnold Bloch Leibler, noted the ATO’s surveillance capabilities have vastly improved in the last three years, as the government continues to direct funding and resources towards specific compliance targets. Money coming to...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  6. ATO turns up the heat on holiday home deductions

    accountants understand whether the claims were a valid rental deduction. Speaking at the Accountants Daily Strategy Day late last year ATO assistant commissioner Kath Anderson flagged the crackdown and said with over 2.2 million property owners filing...

  7. ATO trials new compliance tool for SG payments

    ATO-initiated cases. This represents a 105 per cent increase from the 3,238 cases that were completed in the same period last year. “We have raised a total of $110 million from ATO-initiated cases compared with $73 million for the same period last year....

  8. ATO told to clarify legal professional privilege stance

    to deal with these concerns,” Mr Neilson said. The ATO’s concern over the use of LPP was raised at its NTLG meeting last year, where it said that LPP was being claimed on an “industrial scale”. “In an increasing number of cases, we are seeing claims of...

  9. ATO to up work-from-home focus this tax time

    Anderson said a record $7.9 billion in deductions for ‘other work-related expenses’ were claimed by 6.7 million taxpayers last year, with the tax office noticing a rise in expenses related to working from home. “There is a rising trend of employees...

  10. ATO to triple credit referrals in ‘stronger actions’ on debt

    a better tax result from small business were named as two of the top priorities in the ATO’s 2023-24 corporate plan released last week. Presenting the corporate plan to staff, Commissioner Chris Jordan said it was “the final chapter of our Towards 2024...

  11. ATO to target individual taxpayers over $8bn shortfall

    of rental claims that needed adjustment, according to ATO Second Commissioner Jeremy Hirschhorn. Mr Hirschhorn, speaking at last week’s Tax Summit, called upon the “tax community” to help shift Australia’s attitude towards maximising returns through...

  12. ATO to target foreign income-earners, warns H&R Block

    Block has warned the ATO will target foreign income earners this tax year after the Project DO IT amnesty was withdrawn late last year. Project DO IT (Disclose Offshore Income Today) was announced on 27 March 2014 to allow eligible taxpayers with...

  13. ATO to step up information protection as tax scams surge

    their tax returns. A sharp increase in impersonation scams was reported by the ATO, with a 150 per cent increase over the last 12 months, 90 per cent of them having been sent via email. Rob Thomson, ATO assistant commissioner, said scammers were...

  14. ATO to sool debt collector on 150,000 taxpayers

    and marked the first time it had employed Recoveriescorp, which was the only debt collection agency being used. “Over the last few years there has been an increase in collectable tax and super debt,” the tax office said. “We are actively addressing this...

  15. ATO to set its sights on ‘copy-paste’ expense claims

    work-related expense claims related to clothing and laundry, self-education, car and travel, the Tax Office said it expects last year’s downward trend to continue. “In 2020, we saw a decrease in the value of work-related expenses for cars, travel,...

  16. ATO to scrutinise SMSFs

    from July this year, will give the ATO the ability to fine SMSF trustees who fail to meet their regulatory obligations. Last year, 18,000 SMSF contraventions were lodged with the ATO, of which approximately half could have incurred penalties based on...

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

  17. ATO to ramp up scrutiny of $20K tax break use

    instant asset write-off according to one accounting body, with the ATO poised to up its monitoring of the tax concession. Last week, the government announced that legislation to extend the $20,000 instant asset write-off for small businesses for another...

  18. ATO to quiz professionals over profit allocation arrangements

    contacting professionals to quiz them about their profit allocation arrangements in the wake of issuing PCG 2021/4 late last year. PCG 2021/4 sets out the ATO’s compliance approach to the allocation of profits or income from professional firms, and...

  19. ATO to mobilise cash crackdown in Sydney

    or letter from the tax office highlighting the benefits of an electronic payment facility. This follows research by the ATO last month which showed that only one in five Australians continued to use cash for purchases. “This research indicates that the...

  20. ATO to launch upgraded website next month

    upgrade was flagged most recently by Commissioner Chris Jordan’s valedictory speech to the Tax Institute forum in Melbourne last month, in a move he said would reduce the need for phone interactions. “As tax professionals, your manual effort is better...

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