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

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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

Regulation

Operators, accountant of Chapel Street bars fined $137k

La La Bar Group’s records were “grossly inadequate” but its director and manager showed no contrition or remorse for...

14 February 2024 • By Christine Chen

Regulation

ATO expands employment tax crackdown through random audits

The novel tactic involves “all-encompassing” reviews of businesses’ PAYG, FBT and superannuation obligations, mid-tier...

13 February 2024 • By Christine Chen

Business

‘No confidence’ in PwC’s ethics, senators say

Members of the inquiry into consulting services doubt the firm's ability to reform due to its refusal to share crucial...

12 February 2024 • By Miranda Brownlee

Business

ATO, bank debt crusade triggers 133% jump in court wind-ups

Business insolvencies surge as debtors end their COVID-19 era leniency.

09 February 2024 • By Christine Chen

Tax

Experts sound alarm over ‘flawed’ ATO royalty ruling

A controversial draft ruling on software royalties meddles with 30 years of precedent and should be left for the...

08 February 2024 • By Christine Chen

Tax

ATO to sool debt collector on 150,000 taxpayers

Recoveriescorp has been engaged by the Tax Office in its first use of a collection agency since the pandemic.

06 February 2024 • By Philip King

Tax

Staff ready to help with client linking issues: ATO

The Tax Office defends the revised system after a chorus of complaints from agents and bookkeepers.

05 February 2024 • By Philip King

Regulation

ATO closes $105m Plutus payroll case with final fraudster jailed

Sutherland man who pleaded guilty to dealing with the proceeds of crime gets four-and-a-half years.

02 February 2024 • By Philip King

Tax

ATO urges small business owners: ‘Teach yourself tax’

The Tax Office launches a website offering more than 20 online courses covering the essentials of tax, super and...

01 February 2024 • By Philip King

Regulation

Government told to take action on declining ATO service standards

CA ANZ has called for a review into ATO service standards and increased funding for regulators.

30 January 2024 • By Miranda Brownlee

Technology

ATO to pull plug on legacy website

The Tax Office will transition fully to its modern interface at the end of the month after being in beta mode since...

29 January 2024 • By Christine Chen

Regulation

TASA changes may ‘diminish regulatory regime’, joint bodies warn

Proposed changes to the Code of Professional Conduct are poorly drafted and will create confusion for practitioners,...

25 January 2024 • By Miranda Brownlee