Business

Tax Office targeting DPNs at directors with high-value assets

The ATO is increasingly using data-matching tools to identify which directors have the assets to meet director penalty...

11 March 2024 • By Miranda Brownlee

more from tag

Regulation

Don’t get distracted by PwC’s reforms, senator warns

PwC’s recent governance restructuring announcement should not detract from their ‘ongoing obfuscation’, Senator...

11 March 2024 • By Christine Chen

Business

ATO pays businesses $150 to vent on client-agent linking

The Tax Office plans to hold a series of paid consults with taxpayers who have recently been through the revised...

11 March 2024 • By Christine Chen

Tax

ATO welcomes SGSP Australia Assets settlement as win for taskforce

The settlement resolves a dispute relating to SGSPA Australia’s $800 million convertible instruments.

11 March 2024 • By Miranda Brownlee

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

Tax

ATO ruling flags common audit traps for self-education claims

Tax ruling TR 2024/3 outlines a common range of situations where self-education expenses will be denied or...

08 March 2024 • By Miranda Brownlee

Business

Unregulated, aggressively profit-driven: Senator speaks on the big 4

In an exclusive interview, Senator Barbara Pocock shares insights from the inquiries into the big four consulting firms.

07 March 2024 • By Miranda Brownlee

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