Business

Tax agents ‘relentlessly pushed to self-serve’ on ATO systems, says CA ANZ

Practitioners are frustrated with the increasing amount of administrative work they are required to do due to...

08 April 2024 • By Miranda Brownlee

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Business

ATO responds to tax agent gripes over TPAR obligations

Tax agents have expressed frustration over a lack of visibility with client lodgment obligations and the time frame...

03 April 2024 • By Miranda Brownlee

Super

ATO raises concerns over $200m in illegal SMSF loans

Illegal early release and prohibited SMSF loans remain top concerns for the Tax Office, particularly in the current...

01 April 2024 • By Miranda Brownlee

Super

16.5k SMSFs face regulator scrutiny over valuations

More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the...

27 March 2024 • By Miranda Brownlee

Business

ATO responds to IGTO guidance on debt notification

The Tax Office says it supports the principles outlined in the report by the IGTO, Commonwealth Ombudsman and ACT...

26 March 2024 • By Miranda Brownlee

Tax

ATO’s debts on hold campaign prompts new IGTO guidance

New guidance has been released on best practice principles for debt notifications in response to the re-activation of...

26 March 2024 • By Miranda Brownlee

Regulation

$5.2m in illicit tobacco destroyed following ATO investigation

A community tip-off to the ATO led to the seizure of more than 2,700kg of illicit tobacco in Victoria.

26 March 2024 • By Miranda Brownlee

Tax

Tax agents still failing Div 7A basics, ATO warns

The Tax Office has begun a year-long lecture series on Division 7A after finding most breaches related to...

25 March 2024 • By Christine Chen

Business

Law firm flags risk mitigation strategies for ATO audits

Making preparations and implementing strategies ahead of time can generate more favourable outcomes from ATO reviews,...

25 March 2024 • By Miranda Brownlee

Super

ATO’s SG activities expose ‘clearing house debacle’, says IPA

A ramp up in SG compliance activities has unearthed underlying issues concerning clearing house delays and draconian...

22 March 2024 • By Miranda Brownlee

Business

PwC global chair tells senators he won't share tax scandal report

In correspondence with Australian senators, PwC’s global chair has doubled down on the global organisation’s decision...

22 March 2024 • By Miranda Brownlee

Tax

Bowerman decision highlights flaws with ATO approach to losses

The AAT decision demonstrates the reluctance of the ATO to allow tax deductions where profit-making activities lead to...

21 March 2024 • By Miranda Brownlee

Tax

DPNs surge to over 18k as ATO ramps up activity

The ATO is adopting a range of targeted strategies as it clamps down on the growth in collectable debt.

20 March 2024 • By Miranda Brownlee

Business

ATO admits to fast-tracking client linking over fraud concerns

The Tax Office says it rejected three alternative proposals and proceeded with the current process without industry...

20 March 2024 • By Christine Chen

Tax

ATO’s client-agent linking a threat to system integrity: IGTO

Tax ombudsman Karen Payne has criticised the byzantine design and implementation of the process, throwing her support...

18 March 2024 • By Christine Chen

Tax

AAT rules against ATO’s ‘incorrect’ $1.4m fine on Perth taxpayer

The tribunal has ruled in a taxpayer’s favour after finding the Commissioner failed to show enough evidence to justify...

15 March 2024 • By Christine Chen

Tax

Full Federal Court rejects ATO’s anti-avoidance ruling

In a landmark taxpayer win, the Full Federal Court unanimously held that schemes targeted by the ATO did not trigger...

14 March 2024 • By Miranda Brownlee

Tax

Former ATO employee jailed for accepting bribes

A former Tax Office employee has been sentenced after accepting bribes for reducing millions of dollars in tax debts.

13 March 2024 • By Miranda Brownlee