Regulation

Government floats further regulatory changes in tax avoidance crackdown

The Assistant Treasurer has released a consultation paper exploring how any shortcomings with tax promoter penalty...

09 October 2024 • By Miranda Brownlee

more from tag

Appointments

Aptum Legal snags former ATO assistant commissioner

The law firm has revealed former ATO acting assistant commissioner, Michael Buscema, has been appointed as its new tax...

20 September 2024 • By Imogen Wilson

Tax

ATO cautions business owners on ‘misconception with PSI’

Splitting or diverting personal services income to gain a tax advantage is likely to be considered tax avoidance, the...

19 September 2024 • By Miranda Brownlee

Business

ATO urges workers to claim $17.8bn in lost super

Tax Office data shows the pool of lost and unclaimed funds has grown by $4 billion since 2021.

18 September 2024 • By Christine Chen

Business

ATO to pilot new initiatives for small business

The Tax Office plans to encourage more frequent payment and reporting from small business and explore tools such as a...

17 September 2024 • By Miranda Brownlee

Uncategorised

Interest Rates – The tides have changed, but Australia hesitates

With more than 12 years’ worth of customer home loan data, and proprietary interest rate tracking technology, My...

16 September 2024 • By Julius Ponce

Business

ATO boss tells agents to use ‘Kardashian-like influence’ wisely

Rob Heferen has promised to improve communication with tax practitioners who have a “unique role and influence” in the...

13 September 2024 • By Christine Chen

Business

ATO calls out tax advisers still making ‘basic’ errors

A new private wealth adviser program is targeting practitioners and firms at risk of passing bad habits onto clients.

11 September 2024 • By Christine Chen

Tax

ATO offers guidance to NFPs on assessing charitable purposes

The ATO has provided tips for not-for-profit organisations that are uncertain if they meet the requirements to be...

10 September 2024 • By Imogen Wilson

Tax

Taxpayer ordered to pay $24.4m to ATO over unpaid tax debts

The Supreme Court of NSW has ordered a taxpayer to pay the ATO over $24 million in relation to unpaid income tax and...

10 September 2024 • By Miranda Brownlee

Super

ATO SMSF auditor referrals see slight uptick for FY23–24

The Tax Office has announced 45 auditors of self-managed super funds were referred to ASIC during the 2023–24...

10 September 2024 • By Imogen Wilson

Regulation

ATO rules out simplifying NFP rules despite ‘pockets of confusion’

The Tax Office insists the process for lodging annual self-reviews is “basic” and “not that hard”.

09 September 2024 • By Christine Chen

Tax

Small-business collectable debt ‘slowing down’, says ATO

The growth in collectable debt among small businesses is slowing, but too many businesses are still deprioritising...

06 September 2024 • By Imogen Wilson

Super

Merchant decision ‘does not displace longstanding principles’, says ATO

The decision by the AAT to overturn a trustee disqualification has “limited broader application” given the peculiar...

05 September 2024 • By Keeli Cambourne

Tax

ATO reveals common rental property errors from data-matching program

Recent results from the data-matching program identified issues around the reporting of rental income and claims for...

04 September 2024 • By Imogen Wilson

Tax

ATO predicts further jump in tax debt disclosures to credit agencies

The Tax Office expects the use of intent-to-disclose notices will ramp up further this income year based on trends...

04 September 2024 • By Miranda Brownlee

Tax

ATO practice statement lays down law on illegal early release perpetrators

Recent updates in the Practice Statement Law Administration (PS LA) 2021/1 show that the ATO means business when it...

03 September 2024 • By Keeli Cambourne

Regulation

‘Brazen’ ATO bribes land man behind bars

A man has been sentenced to three years and 14 days’ imprisonment for paying a bribe to a former ATO employer in...

03 September 2024 • By Imogen Wilson