Tax

ATO slams brakes on debts campaign in face of backlash

Frustrated tax agents complained of letters about on-hold tax debts of just a few cents that were a waste of time to...

29 November 2023 • By Philip King

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Technology

ATO bolsters defences around personal data

Security upgrades this week aim to counter an “unprecedented rise” in identity fraud.

24 November 2023 • By Philip King

Tax

ATO refuses to budge until result of Bendel case appeal

Its rulings on when a trust entitlement constitutes a loan remain in place and leave taxpayers with a dilemma,...

17 November 2023 • By Philip King

Business

ATO, banks revive legacy debts and return to court action

Many of the liabilities long predate the pandemic and the tax office is reviving companies to chase assets, Jirsch...

10 November 2023 • By Philip King

Tax

ATO targets utes in myth-busting FBT mission

Some employers are pushing the limits of the personal use exemption especially when it comes to vehicles, deputy...

09 November 2023 • By Miranda Brownlee

Super

ATO raises $973m in SG charge liabilities in FY23

The ATO finalised around 14,000 SG cases during the year, with around 90 per cent initiated by employees, compliance...

08 November 2023 • By Miranda Brownlee

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

Regulation

ATO pursues former EY partner for alleged tax exploitation scheme

The Tax Office has filed a civil case in Federal Court under the promoter penalty legislation.

01 November 2023 • By Philip King

Tax

Tax agents hit with ‘petty’ ATO list of old debts as little as 4c

UPDATED: Practitioners predict additional workloads as they seek to reconcile debts recently resurrected by the Tax...

01 November 2023 • By Christine Chen

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