ATO
Tax

ATO flags early release concerns with lapsed lodgers

New ATO data indicates that there are currently over 138,000 lapsed lodgers with one or more outstanding SMSF returns.
28 June 2022 • By Emma Musgrave

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Business

SMEs suffering post-pandemic mental health hangover

Stress levels for small-business owners are higher now than during COVID, survey finds.
27 June 2022 • By Philip King
Tax

Agreement rule is ‘100A Achille’s heel’

A trust entitlement has to arise from a prior reimbursement agreement for the tax avoidance measure to apply, says a...
27 June 2022 • By Philip King
John Jeffreys
Tax

‘Confusion’ reigns over 100A as year counts down

Fundamental problems with the ATO’s approach to trusts mean its recent guide will be useless for most accountants,...
24 June 2022 • By Philip King
Regulation

ATO takes aim at ‘reckless’ claims of legal privilege

Final protocol developed to prevent “inappropriate” withholding of evidence, the office says.
24 June 2022 • By Philip King
Jose Alguera-Lara
Appointments

Regional accountancies should corporatise to attract talent

Partnerships are financially unviable for people in the early stages of their career.
24 June 2022 • By Jose Alguera-Lara
Greg Will
Appointments

Armstrong Dawson merges with SW

The Sydney-based firm joins SW Accountants & Advisors private client division.
24 June 2022 • By Philip King
Tax

Avoid wrong moves with rental property, urges ATO

The office says agents should be on alert for three common taxpayer errors.
24 June 2022 • By Philip King
Danny Talwar
Tax

Help! My client has received an ATO letter about crypto trading

With digital currencies in the spotlight again this year, it’s vital to know the tax-time options.
24 June 2022 • By Danny Talwar
Tim Loh
Tax

Careful with those crypto losses, Tax Office warns

Most digital currency buyers and sellers will fail to qualify as businesses and fall under CGT rules.
23 June 2022 • By Philip King
Andrew Watson
Tax

ATO urges small business to ‘nail’ its tax

A comprehensive toolkit gives a run-down on expenses and deductions.
23 June 2022 • By Josh Needs
Julie Abdalla
Tax

Tax Institute sends Labor a lengthy to-do list

The independent body identifies outstanding measures that should be priorities for Canberra.
23 June 2022 • By Philip King
Chris Gibbs
Technology

Tax season turns accountants into ‘prime cyber-attack targets’

Practices need to protect themselves because they are dealing with huge quantities of sensitive data, says Akamai.
23 June 2022 • By Josh Needs
Tax

5 areas your practice needs to focus on for the future of tax

If you are ready to embrace the changing tax industry and attract the best people – and clients – to your practice,...
22 June 2022 • By APS Software
How to help clients avoid tax-time trip-wires
Tax

How to help clients avoid tax-time trip-wires

In this week’s Accountants Daily podcast, ATO Assistant Commissioner Tim Loh talks tax agents through the fine print...
22 June 2022 • By Philip King
Business

State budgets give and take on payroll tax

NSW ends pandemic holiday, Queensland helps small business but adds health levy.
22 June 2022 • By Josh Needs
Tax

NSW property tax reform to cost $729m

The state budget gives first home buyers the chance to avoid upfront stamp duty.
22 June 2022 • By Josh Needs
Tax

ATO’s 100A tax time guide meets cautious welcome

The update is “helpful” and “clearer” but uncertainty remains, say accountants and professional bodies.
22 June 2022 • By Philip King