Regulation

Former EY partner in tax exploitation case a ‘rogue operator’

The firm says the former partner admitted receiving $700,000 and was sacked last year.

01 November 2023 • By Philip King

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Tax

‘Integrity issues’ prompt ATO to clarify rules for R&D incentive

Review claims by clients and voluntarily disclose errors, the Tax Office urges.

31 October 2023 • By Philip King

Tax

ATO ‘takes tougher line with tax debt payment plans’

Billions in collectable debt mean the Tax Office is working to shorter time frames and responding more quickly to...

31 October 2023 • By Miranda Brownlee

Regulation

ASIC prosecutes 100 for failing to assist liquidators

The corporate watchdog has released its latest prosecution figures amid parliamentary scrutiny over its enforcement...

30 October 2023 • By Christine Chen

Tax

ATO flags small business tax debt, SG as target areas

Addressing collectable debt and improving small business tax performance continue to be critical focus areas, the ATO...

27 October 2023 • By Miranda Brownlee

Tax

ATO reaps record $6.4bn from large corporates

Much of the additional revenue came from the oil and gas sector, helped by the work of the Task Avoidance Taskforce.

24 October 2023 • By Miranda Brownlee

Tax

Prepare for surge in GST audits, ATO warns tax agents

The Tax Office has revealed its criteria for audit selection and what raises red flags.

23 October 2023 • By Philip King

Tax

How the ATO has morphed into a quasi-lawmaker

A recent AAT decision overturns years of Tax Office thinking about trusts and Div 7A loans – and highlights how it...

20 October 2023 • By John Jeffreys

Regulation

PwC has lost social licence to self-regulate: Senator Pocock

The reforms PwC plans to adopt in response to the tax leaks scandal have no teeth and will not see a significant shift...

13 October 2023 • By Miranda Brownlee

Tax

ATO to launch upgraded website next month

After almost a decade, the current design moves aside for a more streamlined, intuitive online service, the Tax Office...

12 October 2023 • By Philip King

Tax

ATO loosens constraints on client linking process

The window to complete nominations expands fourfold and a report feature details linking requests, the Tax Office says.

09 October 2023 • By Philip King

Tax

ATO will dob in 9k businesses to credit agencies this month

With more than $5 billion owed by companies meeting the criteria for referral, the Tax Office is drawing a line in the...

09 October 2023 • By Philip King

Super

ATO steps up data-matching to snare late super payments

STP 2 and more sophisticated software enables the Tax Office to monitor payments quarter by quarter, a technical...

05 October 2023 • By Miranda Brownlee

Tax

AAT decision overturns ATO ruling on trusts and Div 7A

Thousands of trusts have fallen into line with the Tax Office’s position that an unpaid present entitlement to a...

04 October 2023 • By Philip King

Tax

Online lodgement deferral system a hit with users, ATO says

All applications must now been done via the office website and most agents had already switched over prior to the...

03 October 2023 • By Philip King

Technology

ATO raises $40m from crackdown on sales suppression tools

Retail and hospitality businesses using the technology should give themselves up or face the consequences, it says.

02 October 2023 • By Philip King

Tax

ATO works hard to fix ‘flaw’ in client linking system

Inadvertent disconnection of a BAS agent will become a source of frustration and inconvenience under the revised...

29 September 2023 • By Philip King

Regulation

Accountants sweat on ‘non-stop’ wave of ATO super audits

The Tax Office’s intensified, data-led approach means that accountants have become inundated with superannuation...

27 September 2023 • By Christine Chen