Tax

Court rejects taxpayer’s attempt to pay $45k ATO debt with $47 cheque

Mesha Feet attempted to pay its debts with unconventional methods and then fined the Tax Office for failing to respond.

28 June 2024 • By Christine Chen

more from tag

Super

Family trust elections in ATO sights

The ATO is “cracking down” on family trust elections, warns a leading legal specialist.

26 June 2024 • By Keeli Cambourne

Business

ATO whistleblower prosecution to have ‘chilling effect’

The Human Rights Law Centre says the government must strengthen protections in the wake of Richard Boyle’s failed...

25 June 2024 • By Christine Chen

Tax

Hasty lodgers twice as likely to make mistakes, ATO warns

The Tax Office is warning taxpayers against rushing to lodge their tax returns on 1 July.

25 June 2024 • By Christine Chen

Regulation

Client-agent linking has stopped identity fraud: ATO

The Tax Office claims the process has been successful in stopping criminals from compromising agents’ client lists.

21 June 2024 • By Miranda Brownlee

Regulation

ATO ‘hell bent’ on chasing down $34bn in small business debts

Insolvency professionals warn the Tax Office is using DPNs and legal action to take a “far more aggressive” recovery...

21 June 2024 • By Miranda Brownlee

Business

ATO launches data-matching program for false Medicare levy claims

The Tax Office will receive Services Australia records from 180,000 individuals to crack down on dodgy levy exemption...

19 June 2024 • By Christine Chen

Tax

Landlords who ‘double dip’, fudge deductions in ATO crosshairs

The Tax Office has warned taxpayers to revise deduction rules and maintain proper records.

12 June 2024 • By Christine Chen

Tax

City Beach founders win tax battle with ATO over $52m restructure

A selective capital reduction to extinguish Division 7A loans that raised the Tax Office's eyebrows was not a “sham”,...

12 June 2024 • By Christine Chen

Tax

Bendel appeal could affect Section 100A approach, says ATO

A decision by the Full Federal Court that ends up being unfavourable to the ATO for the Bendel appeal could have...

11 June 2024 • By Miranda Brownlee

Tax

NFPs urged to check guidance before applying for private rulings

The Tax Office has experienced a surge in requests for private rulings by non-charitable NFPs as the new reporting...

07 June 2024 • By Miranda Brownlee

Tax

ATO ‘scrutinising’ section 109RB requests, practitioners warned

The ATO has cautioned practitioners and their clients not to rely on favourable discretion from the Tax Commissioner...

07 June 2024 • By Miranda Brownlee

Tax

CPA outlines ATO focus areas for expenses this tax time

With tax time fast approaching, the professional body has outlined some of the claims that may attract additional...

05 June 2024 • By Jack Campbell

Tax

ATO offers further guidance on self-assessing for new NFP return

The Tax Office has stressed that the main purpose of a community service organisation must be altruistic to be...

05 June 2024 • By Miranda Brownlee

Tax

ATO flags critical considerations with family trust elections

Family trust elections and interposed entity elections “should not be set and forget” by trustees or their tax...

03 June 2024 • By Miranda Brownlee

Tax

ATO releases decision impact statement on Minerva decision

The decision does not change the Tax Commissioner’s view that schemes that include a trustee’s exercise of discretion...

30 May 2024 • By Miranda Brownlee

Regulation

ATO scrutiny on trust distributions increasing, lawyer warns

The ATO’s additional guidance on trust distributions shows this is an area it is likely to check closely, says a...

24 May 2024 • By Keeli Cambourne

Tax

ATO warns taxpayers on ‘double dipping’ with WFH deductions

Tax professionals should ensure clients are aware of the broader scope of deductions covered under the fixed rate...

23 May 2024 • By Miranda Brownlee