Assuming last is required, the following 4044 results were found.

  1. Tax office issues warning on imminent rule change

    fund’s name within seven days of the SMSF acquiring it. Speaking at the SMSF Association’s national conference in Adelaide last week, the ATO’s Kasey Macfarlane said the commissioner is not going to be sympathetic to those who have not met the new...

    • Type: Article
    • Author: Miranda Brownlee & Katarina Taurian
    • Category: Tax
  2. Tax Office issues reminder as lodgement deadline approaches

    is encouraging people to take advantage of potential refunds by lodging their return or engaging a tax agent by 31 October. Last year, around 475,000 taxpayers who completed their own return lodged late. Of these late lodgers, over 300,000 had been...

    • Type: Article
    • Author: Reporter
    • Category: Tax
  3. Tax Office issues crucial scam warning for businesses

    consequences. The Tax Office said ATO impersonation email scam reports had increased by over 300 per cent from the same time last year, with more scam reports expected around tax time as scammers were aware this is when people would usually hear from...

  4. Tax Office issues 8,710 DPNs over unpaid super in 2023–24

    more than double the 3,660 DPNs issued in relation to unpaid super in 2022–23. The Tax Office issued a warning to businesses last month, outlining its new compliance approach to unpaid tax and super. "We are now focusing on businesses who refuse to...

  5. Tax Office insurance data haul to capture ‘ordinary’ taxpayers

    of catching wealthy tax cheats, but its wide net could mean ordinary taxpayers get caught too, warns an accounting network. Last week, the Tax Office announced it would request to receive a further five years’ worth of policy information from over 30...

  6. Tax Office figures paint different negative gearing picture

    is mainly used by teachers, nurses and emergency service personnel. The ATO’s 2016–17 taxation statistics, released late last month, showed that those with the occupation category of chief executive or managing director, general manager or director were...

  7. Tax Office defends use of external debt collection agencies

    undisputed debt”, as concerns over the aggressive conduct of their staff linger. Speaking at the Senate Estimates last week, ATO chief service delivery officer Melinda Smith said the Tax Office sets clear service benchmarks for external debt collection...

  8. Tax office crackdown on SMSF trustees who 'play the system'

    practices in their own personal and business affairs could impact how the ATO views and scrutinises their SMSF. Late last week, Kasey MacFarlane, ATO assistant commissioner of the SMSF segment, superannuation, said that if the regulator finds an...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Super
  9. Tax leader clarifies deadline details

    will be entitled to a longer period — subject to your lodgement history,” she explained. “If you have left your tax to the last minute, then speak to your local chartered accountant by 31 October and you might just be eligible for the extension.” 2....

    • Type: Article
    • Author: Cameron Micallef
    • Category: Tax
  10. Tax laws trap domestic abuse survivors in debt cycles, expert warns

    as statistics from the UNSW Tax Clinic showed that over 80 per cent of female clients self-reported domestic violence in the last year, up from 60 per cent in 2022. During a panel discussion at the Tax Institute’s annual summit last week, Associate...

  11. Tax Institute welcomes IGTO's proposed review areas

    of Taxation and Taxation Ombudsman (IGTO) released a consultation on its draft work plan for systemic reviews last month, which sets out the areas it has identified as suitable for broad, systemic reviews. The Work Plan has been divided into two...

  12. Tax Institute urges government to scrap Div 296, review NALI

    stakeholders on the current non-arm’s length income provisions to address uncertainties in the legislation that was passed last year. In its submission, the Tax Institute said further stakeholder consultation and redesign are needed on Div 296 to ensure...

  13. Tax Institute pushes for July 2023 start for new TBAR system

    not commence until 1 July 2023, given the difficult period faced by tax professionals in the past two years. In November last year, the ATO released a consultation on moving to a single transfer balance cap events-based reporting framework for all...

  14. Tax Institute pulls apart government's GST position

    the Tax Institute spotted an apparent oversight in the Treasury Laws Amendment (Enterprise Tax Plan) Act 2017, which passed last year. The amendment meant that under Section 29-40 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act),...

  15. Tax Institute labels $20K tax break ‘confusing’

    Institute has warned small businesses to read the fine print and not get caught out by confusing elements of the tax break. Last month, the government announced that legislation to extend the $20,000 instant asset write-off for small businesses for...

  16. Tax Institute debuts new tax education system

    industry wanted from graduates and what higher education could provide. “There is no doubt in my mind, we have seen in the last several years, the decline in higher education and the growth in vocational education and microcredentials.” The Tax...

  17. Tax Institute calls for greater clarity in ATO rental property tax guidance

    freshly updated guidance on rental property tax deductions, The Tax Institute has called for clarity and accessibility. Last November, the ATO updated its tax ruling on rental property deductions, signalling a shift in its treatment of rental tax...

  18. Tax Institute appoints Todd Want as 2024 president

    Institute has appointed Todd Want, head of tax at William Buck, as president for 2024 following his term as vice president last year. Mr Want had sat on the institute’s national council, NSW professional development committee and state council for...

  19. Tax Institute appoints Marg Marshall 2023 president

    Tax Institute has appointed experienced tax adviser Marg Marshall as president in 2023 following a term as vice-president last year. It said Ms Marshall, a partner at WLF Accounting & Advisory in Hobart, was a key figure in the profession with over 25...

  20. Tax Institute announces shake-up of vision, objectives

    professional success”. Mr Lendrum replaced long-serving chief executive Noel Rowland, who resigned suddenly in September last year. “This is already evident in the launch of the Women in Tax National Congress and the Women in Tax website, designed to...