Tax

ATO expands data-matching program for crypto assets

The ATO plans to collect cryptocurrency data for up to 1 million individuals as part of new compliance activities.

01 May 2024 • By Miranda Brownlee

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Super

ATO issues alert to SMSFs on crypto scams and losses

The Tax Office is seeing instances of funds reporting losses with crypto investments due to scams and collapsed...

25 April 2024 • By Miranda Brownlee

Tax

AAT upholds ATO decision on self-education expenses

The tribunal has dismissed an appeal relating to self-education expenses claimed as deductions by a dental technician.

25 April 2024 • By Miranda Brownlee

Regulation

Government shirks big 4, senator calls for government consulting revamp

Senator Barbara Pocock has called for reforms to government consulting engagements as the Department of Finance...

24 April 2024 • By Miranda Brownlee

Regulation

ATO ‘underestimated’ impact of Collins licensing decision: Hirschhorn

The second commissioner told the Inquiry into Consulting he regrets not escalating the PwC matter more rapidly given...

23 April 2024 • By Miranda Brownlee

Business

ATO takes ‘stringent’ stance on GIC remissions as part of debt clampdown

Tax agents have been told to readjust their expectations around payment plans and penalty remissions as the ATO...

22 April 2024 • By Miranda Brownlee

Business

ATO compliance hotspots for tax time 2024

Tax professionals and their clients should pay careful attention to areas such as record keeping, rental property...

19 April 2024 • By Mark Chapman, H&R Block

Business

ATO updates client-agent linking system to prevent ‘inadvertent errors’

Accounting associations have welcomed the changes but stress that much more must be done to address key issues in the...

19 April 2024 • By Miranda Brownlee

Tax

ATO explores ‘digitised guidance’ to combat Division 7A issues

Embedding ATO advice and guidance into software solutions will detect and correct errors with Division 7A ahead of...

18 April 2024 • By Miranda Brownlee

Tax

ATO flags trust administration changes ahead of 1 July

The ATO has provided details on tax return changes for the 2023–24 year as part of the modernising trust...

15 April 2024 • By Miranda Brownlee

Tax

ATO issues response on NALI decision by AAT

A recent tribunal decision regarding non-arm’s length income is unlikely to apply to private lending arrangements more...

12 April 2024 • By Miranda Brownlee

Business

Small business urged to use ATO courses to learn tax, boost compliance

The government says the program is one of many initiatives that make it easier for businesses to do taxes in a bid to...

12 April 2024 • By Christine Chen

Business

Restaurant operators hit with $4m in penalties for underpaying staff

Former operators of three Taiwanese restaurants have been issued $4 million in penalties after “deliberately and...

11 April 2024 • By Jack Campbell

Business

AAT reinstates liquidator’s registration with conditions

The tribunal has determined that a liquidator’s registration should be reinstated in a recent decision.

10 April 2024 • By Miranda Brownlee

Tax

ATO issues alert on false invoicing arrangements

Businesses using illegal financing arrangements have been put on notice with the Serious Financial Crime Taskforce...

08 April 2024 • By Miranda Brownlee

Appointments

ATO graduate program for 2025 closing soon

The ATO is on the hunt for accounting, law, finance and commerce graduates for its 2025 graduate program.

08 April 2024 • By Miranda Brownlee

Business

ATO to boost affirmative action after missing Indigenous staff targets

A mid-year report has shown the Tax Office is struggling to meet 2023–24 staff representation targets, with the...

08 April 2024 • By Christine Chen

Technology

Government warns taxpayers again of myGov ATO scams

Fraudsters are still sending bogus messages to gain access to personal information and illegally claiming tax refunds,...

08 April 2024 • By Christine Chen