Regulation

ATO issues draft determination on dodgy circular financing schemes

The Tax Office will look to apply the anti-avoidance provisions to schemes that exploit the early-stage investor tax...

05 March 2025 • By Miranda Brownlee

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Regulation

ATO sets its sights on 22k taxpayers with high-value debts

The ATO is moving rapidly to deploy its full powers against a group of taxpayers who refuse to engage with it and...

03 March 2025 • By Miranda Brownlee

Regulation

Tribunal affirms ATO’s view in tax residency case

The Administrative Review Tribunal has ruled that an engineer who was working in Dubai was a resident of Australia...

03 March 2025 • By Miranda Brownlee

Business

ATO outlines focus areas for SMSF auditor compliance in 2025

The ATO has issued guidance on what it will focus on regarding auditor compliance for 2025.

27 February 2025 • By Keeli Cambourne

Technology

ANAO releases audit report into ATO's arrangements for AI

The Australian National Audit Office has found the ATO's governance arrangements for supporting the adoption of AI to...

26 February 2025 • By Imogen Wilson

Tax

ATO to push non-compliant businesses to monthly GST reporting

Small businesses with a history of not complying with their obligations may be moved to monthly GST reporting from the...

26 February 2025 • By Miranda Brownlee

Tax

Tax Office puts contractors on notice over misreporting of income

The ATO's data matching programs have identified contractors that are incorrectly reporting or omitting contractor...

26 February 2025 • By Miranda Brownlee

Tax

ATO likely to face difficulties in appealing Bendel decision, says law firm

The Commissioner may seek special leave to appeal the Bendel decision but would face an "uphill battle" following a...

21 February 2025 • By Miranda Brownlee

Super

Commissioner flags 'heightened risk behaviours' with SMSFs as sector grows

The ATO has outlined concerns about the use of sophisticated arrangements to facilitate the illegal early release of...

21 February 2025 • By Imogen Wilson

Tax

Full Federal Court rules against ATO in Bendel decision

The court has handed down its decision on the Bendel case, dismissing the ATO’s appeal.

19 February 2025 • By Miranda Brownlee

Tax

ATO unveils control plan for managing fraud and corruption risks

The Tax Office has outlined a new fraud and corruption control framework to deal with the increasingly complex threat...

18 February 2025 • By Imogen Wilson

Business

3 in 4 sole operators feel lonely and isolated, research reveals

Being your own boss can present significant personal challenges such as isolation, burnout and relationship struggles,...

18 February 2025 • By Imogen Wilson

Business

Super sector to be subject to regulatory scrutiny ‘sooner rather than later’

BDO is urging APRA-regulated super funds to immediately address scam vulnerabilities to reinforce Australia’s...

14 February 2025 • By Imogen Wilson

Regulation

ATO updates client verification guidance

The Tax Office has clarified in a recent update that client-to-agent linking cannot be used as a method to verify a...

13 February 2025 • By Miranda Brownlee

Tax

Effective record keeping critical for preventing ‘costly audits’, ATO warns

Next 5,000 groups must ensure they keep current and accurate records to avoid lengthy and costly audits, the ATO has...

10 February 2025 • By Miranda Brownlee

Tax

Senators urged to reject ‘harmful‘ super tax bill: CA ANZ

The government will fail to protect Australian farms, investors and small business owners if the super tax bill is to...

10 February 2025 • By Imogen Wilson

Regulation

Government must address ‘declining ATO service standards’, says CA ANZ

The professional body is calling for greater funding for the ATO to improve its efficiency and services for tax agents.

10 February 2025 • By Miranda Brownlee

Tax

Concerns raised with ATO’s approach to section 109U

The ATO’s tax ruling could be better targeted towards arrangements of concern instead of a blanket approach, CPA...

07 February 2025 • By Miranda Brownlee