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

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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

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

Tax

ATO urges NFPs to start preparing for new reporting requirement

The ATO has warned the 150,000 not-for-profits who currently self-assess as income tax exempt to get ready for their...

05 April 2024 • By Miranda Brownlee

Technology

Deakin tax tool to help NFPs cope with ATO’s ‘ticking time bomb’

New reporting requirements threaten the tax-exempt status of thousands of NFPs without accounting experience, Deakin...

04 April 2024 • By Christine Chen

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