Super

ATO's SMSF crackdown sees 149 trustees disqualified

The Tax Office says it will continue to take “firm action” against those who persistently fail to meet their...

08 March 2024 • By Christine Chen

more from tag

Regulation

ATO issues $23m in assessments after latest ESST raids

The Tax Office has conducted raids on 17 premises in the past two weeks as part of its continued crackdown on...

06 March 2024 • By Miranda Brownlee

Regulation

‘Meaningful’ penalty regime needed to deter misconduct, says senator

The failure of PwC to make any reports to CA ANZ about the Peter Collins matter demonstrates major flaws in...

06 March 2024 • By Miranda Brownlee

Tax

AAT upholds ATO view in tax residency case

The Tribunal has determined that a mechanical engineer seeking a refund of $524k in PAYG withholdings was an...

04 March 2024 • By Miranda Brownlee

Regulation

Professional bodies ‘need a rocket under them,’ senator says

The TPB was grilled over its information sharing processes with professional authorities, following CA ANZ’s wrongful...

01 March 2024 • By Christine Chen

Business

ATO issues ‘last warning’ on overdue TPARs

The Tax Office will begin applying failure to lodge penalties for those with an overdue taxable payments annual report...

29 February 2024 • By Miranda Brownlee

Regulation

ATO ramps up landlord data matching

The Tax Office will receive data from 900,000 landlords to tighten compliance around rental bond income.

28 February 2024 • By Christine Chen

Regulation

Senators brand CA ANZ’s big 4 regulation an ‘absolute failure’

The accounting body has admitted the PwC partner responsible for the tax scandal falls outside of its by-laws during a...

26 February 2024 • By Christine Chen

Tax

ATO’s hands tied with scrapping on-hold debts, expert says

The Tax Office lacks power under current laws to do anything about the wildly unpopular scheme despite plans to review...

23 February 2024 • By Miranda Brownlee

Tax

GST fraud to see ‘grittier, slower’ GST registrations, ATO Commissioner warns

System changes made off the back off the GST refund fraud scheme may result in a more difficult GST registration...

22 February 2024 • By Miranda Brownlee

Business

ATO mulls options with on-hold tax debts

The Tax Office is considering potential alternatives to pursuing billions of dollars in ‘petty’ tax debts including a...

21 February 2024 • By Miranda Brownlee

Tax

Everett assignments ‘dropping like flies’ as ATO cracks down

While the big end of town has copped the brunt of the ATO’s enforcement efforts on the income-splitting arrangements,...

20 February 2024 • By Nick Wilson

Regulation

Employer audits to surge, ATO warns

The ATO is clamping down on accounting errors with employment taxes and nudging employers to shift their SG compliance...

19 February 2024 • By Christine Chen

Tax

ATO taking R&D tax claims more seriously, expert says

A major funding boost for the research and development tax incentive scheme means greater oversight of participating...

19 February 2024 • By Nick Wilson

Regulation

ATO mulls delaying GST refunds to weed out bogus claims

Commissioner Chris Jordan has told Senate estimates that tight turnaround times hamper the Tax Office’s ability to...

16 February 2024 • By Christine Chen

Regulation

ATO defends ‘strong’ GST fraud controls against ANAO criticism

The Tax Office says it is equipped to respond to fraud despite a critical report released by the national audit office...

15 February 2024 • By Christine Chen

Regulation

ATO needs active monitoring by oversight board: IPA

External supervision by a Tax Advisory Board is essential in the wake of the GST fraud response, says the accounting...

15 February 2024 • By Philip King

Regulation

Audit office damns ATO safeguards in wake of $2bn GST fraud

The Tax Office lacked the ability to respond to the widespread fake GST claims uncovered in late 2021, the Australian...

14 February 2024 • By Philip King