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  1. ATO to increase fixed rate for working from home expenses to 70c

    rate method was previously set at 67 cents for the 2022–23 and 2023–24 income years and was 52 cents per hour for 2021–2022. Last year, ATO assistant commissioner Rob Thomson reminded taxpayers that anyone using the fixed rate method will need a record...

  2. ATO to improve comms skills after IGTO review

    at ATO training around the Taxpayers’ Charter, which the report suggested might be as low as just 1 per cent over the last three years. “Effective communication of taxpayer rights to complain, review and appeal ATO decisions and actions is vitally...

  3. ATO to extend independent review to small businesses

    the issues and working towards resolving them. Mr Jordan’s comments come after the Inspector-General of Taxation announced last month that he would be undertaking a review of the ATO’s use of garnishee notices. Speaking to Accountants Daily, Institute...

  4. ATO to crack down on SMSF tax-avoidance

    On the issue of ATO penalties, Ms MacFarlane said she is confident that the penalty regime that came into effect on July 1 last year will result in fewer civil penalties and costly litigation for SMSF trustees. However, she warned that persistent...

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

  5. ATO to crack down on rental income, WFH deductions this tax time

    trip up on changes to the fixed rate method of calculating a WFH deduction after more than 4 million people claimed one last year. The 80c shortcut method, introduced during COVID-19, finished at the end of FY22 and a revised fixed rate method was...

  6. ATO to crack down on Amazon, eBay sellers’ tax affairs

    thing,” the ATO said. The ATO’s online seller data matching program comes after it announced one for Medicare levy claims last month. In February, the ATO acquired personal details and rental bond information of 900,000 landlords from state and...

  7. ATO to commence ‘field visits’ in myGovID push

    Portal or the Small Business Superannuation Clearing House to also make the transition from AUSkey to myGovID. “Late last year, we sent an email to all businesses with an active AUSkey to let them know how to transition and we’ll continue to send emails...

  8. ATO to claw back $155m in JobKeeper overpayments

    be pursued for repayment. The new figures, revealed by ATO second commissioner Jeremy Hirschhorn at a parliamentary hearing last week, come as the total taxpayer bill for the wage subsidy program has risen to $83 billion since its introduction last...

  9. ATO to be granted greater discretion over old tax debts

    over the 5 years from 2023–24. The ATO began contacting taxpayers about debts previously classed as uneconomic to pursue last year, advising them that the debts would be offset against future refunds. This was in response to an audit by the Australian...

  10. ATO to appeal ART decision on truck driver’s meal expenses

    ARTA 224, which determined that deductions claimed by a long-haul truck driver for meal expenses should be allowed in full. Last week, the Commissioner of Taxation filed a notice of appeal against the ART's decision in the Federal Court. In its decision...

  11. ATO to ‘beef up’ review of companies’ tax frameworks

    New Zealand, at Thomson Reuters, “The justified trust initiative is really an extension of what the OECD proposed over the last couple of years about ensuring multinationals pay the correct amount of tax in the country they're operating in,” Mr Scull...

  12. ATO tipped to pounce once JobKeeper ends

    options before the ATO moves on recouping debts. “While the ATO has been very quiet for almost 12 months, that won’t last,” said Bradd Morelli, national managing partner at Jirsch Sutherland, a national insolvency firm. “And that’s when we expect to see...

  13. ATO tipped to be ‘unshackled’ in 2021

    of its $53 billion debt figure.” While the ATO had pledged to begin with a “really soft re-engagement on debt” in September last year, Mr Blow expects the approach to change over the new year. “This current tax and stimulus nirvana cannot last forever,”...

  14. ATO thanks accountants, foreshadows busy 2021

    for their resilience and hard work in steering the economy back on track. “You can’t underestimate the impact the last 12 months have had; there has been a lot of work done in a very short period of time,” said Ms Wood on an ATO webcast. “We understand...

  15. ATO teams up with telcos to crush scammers

    to block ATO phone call scams has been successfully implemented after more than 100,000 of such spoof calls were reported last year. Minister for Communications, Cyber Safety and the Arts Paul Fletcher said the ATO had teamed up with Australia’s telcos...

  16. ATO teams up with private sector in anti-scam fight

    a “world-leading anti-scam plan” after consumers lost $3.1 billion to scams in 2022. The start of NASC’s work in July last year saw scam losses fall for the first time since 2016, it said. As part of the 2024–25 federal budget, the government also...

  17. ATO targets utes in myth-busting FBT mission

    that the final five draft legislative instruments that implemented changes to FBT record keeping were released by the ATO last month. The changes followed a law that gave the Commissioner the power to allow employers to rely on alternative records to...

  18. ATO targets dodgy deductions for holiday homes  

    on tax agents to help bring owners into line. “Holiday homes might sound minor in the scheme of things,” Ms Anderson said at last week’s Accountants Daily Strategy Days in Melbourne and Sydney. “But if we applied the pub test, I don't think we would...

  19. ATO targeting offshore avoidance

    initiative, he said. Under Project Do It, people disclosing their offshore assets will generally be assessed for the last four years, be liable for a maximum shortfall penalty of 10 per cent and full shortfall interest charges, and will not be...

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

  20. ATO talks over agent linking regime end without agreement

    “Previously, the tax agent handled all of this for them. Small businesses don't want to be taking on this extra work. “The last thing small businesses need right now is to be wrangling with new ATO systems and processes simply to get help with their tax...

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