Tax

ATO tells small businesses to come clean

Those with overdue tax returns or business activity statements have until 31 December to come clean as part of the Tax...

08 June 2023 • By Josh Needs

more from tag

Tax

ATO targets side hustles in crackdown on undeclared income

YouTubers, Uber drivers and influencers earning extra or running a business will be picked up by data analytics and...

22 May 2023 • By Philip King

Tax

How the ATO will turn celebrity into a challenge

Individuals will pay tax on their fame unless there are changes to last year’s draft determination.

19 May 2023 • By Dennis Tomaras

Regulation

ATO destroys 26,670kg of illicit tobacco in rural NSW operation

The action as part of Operation Junglevine2 saw $4.4 million in illicit tobacco eliminated.

17 May 2023 • By Josh Needs

Tax

ATO crackdown focuses on rental properties, work claims, CGT

A trio of targets will get special scrutiny this year and the Tax Office expects to issue fewer refunds.

15 May 2023 • By Philip King

Tax

ATO rental property focus to keep accountants on their toes

An understanding of how CGT works for homes and rentals is vital, says HLB Mann Judd.

12 May 2023 • By Josh Needs

Business

Sun about to set on range of popular tax measures, ATO warns

Accountants should tell clients to act fast on full expensing and loss carry back because their days are numbered.

11 May 2023 • By Josh Needs

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

Tax

ATO to amend s100A ruling in wake of Guardian appeal

But tax specialists say its comments on reimbursement agreements fall short and the issue of ordinary family or...

28 April 2023 • By Philip King

Regulation

ATO to take 4 additional DGR registers

If the reform of the deductible gift recipient register passes parliament it will bring four auxiliary lists in line...

26 April 2023 • By Josh Needs

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