Tax

ATO upgrades to ‘simpler, better’ lodgment deferral system

The revised application method will soon become the single point of entry for deferral requests, the Tax Office says.

01 May 2023 • By Philip King

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Business

ATO confirms update to foreign ownership register

The expanded register includes a renovated online services system for foreign investors and their authorised...

21 April 2023 • By Josh Needs

Business

[Live Webinar] ATO & Ignition - EOFY public practice essentials

If you are looking to get your practice ready for EOFY, this is a must-attend session!

17 April 2023 • By Ignition

Tax

Trust in eligibility checklist when it comes to MITs, ATO warns

The ATO will be notifying accountants where an ineligible trust type has wrongly claimed status.

17 April 2023 • By Philip King

Tax

ATO boosts data-matching arsenal to close $1.3bn rental property gap

Nine out of 10 rental claims are wrongly filed but the Tax Office is cracking down on compliance in a move that gets a...

14 April 2023 • By Josh Needs and Philip King

Tax

Social media side hustles all count as income, ATO warns

Many clients will need reminding by their accountants that they have to declare secondary sources of income, including...

14 April 2023 • By Josh Needs

Tax

ATO adds PAYGW prefill to activity statements

In the 2023–24 financial year, 3,000 employers will also be randomly selected to receive reminders regarding the...

13 April 2023 • By Josh Needs

Super

SMSF body develops excess member balance tax calculator

Debate continues around the calculation method for the government’s proposed tax on accounts exceeding $3 million, but...

11 April 2023 • By Keeli Cambourne

Tax

ATO calls on accountants to ensure smooth FBT returns

As the lodgment date looms, the Tax Office delivers an A to Z on FBT.

05 April 2023 • By Josh Needs

Super

Accountants must highlight dangers of raiding super: ATO

The Tax Office tells the industry to alert clients that there are consequences from illegal early access schemes.

03 April 2023 • By Josh Needs

Super

ATO warns SMSF on sole purpose test for property investment

Property investment by an SMSF will fail the sole purpose test if it provides pre-retirement benefit to someone such...

31 March 2023 • By Keeli Cambourne

Regulation

ATO ‘must rearm’ against sales suppression tech

Increased penalties and stronger action have hindered the use of the technology but more needs to be done to combat...

29 March 2023 • By Josh Needs

Regulation

Whistleblower who lifted lid on aggressive ATO tactics to face trial

Richard Boyle will answer charges relating to his time at the office after speaking out about its debt collection...

28 March 2023 • By Philip King

Appointments

ATO aims to recruit record 150 under Evergreen program

The scheme aims to provide employment opportunities for Aboriginal and Torres Strait Islander people at the Tax Office.

23 March 2023 • By Josh Needs

Tax

ATO warns businesses to check FBT claims as deadline nears

Electric vehicles become exempt from the levy for the first time and Mazars expects an influx of salary packaging...

22 March 2023 • By Josh Needs

Technology

Payroll operators to fortify security after 60% hit by attacks

ADP research shows data security has become the most important issue over the past 12 months.

21 March 2023 • By Josh Needs

Business

Business clients need tutoring in tax obligations, ATO says

Accountants are being told to check that clients have correctly registered as some fail to grasp their tax obligations.

14 March 2023 • By Josh Needs

Appointments

Dext appoints experienced C-suite innovator to executive team

He joins as chief product and technology officer at the firm after spending almost seven years at Epicor Software.

13 March 2023 • By Josh Needs