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

more from tag

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

Regulation

TPB, ATO quizzed on whether PwC ‘too big to fail’

Audit concentration among the Big 4 makes the sector unmanageable, Greens senator claims.

27 September 2023 • By Philip King

Tax

ATO linking system takes giant stride into business

The revised procedure will encompass an additional 1.7 million entities from 13 November.

22 September 2023 • By Philip King

Technology

ATO, myGovID, banks, telecoms to rely more on facial recognition

Identity verification laws introduced this week will allow data matching systems to be developed by the...

15 September 2023 • By Philip King

Business

Business activity hits 7-year low, key indicators tumble

The latest data from CreditorWatch predicts rising insolvency rates over the next year, with food and beverage...

14 September 2023 • By Philip King

Tax

ATO interest charges soar to highest level since GFC

The general and shortfall rates for late tax payments rise for the eighth quarter in a row.

14 September 2023 • By Philip King

Regulation

Tassie aged care operator forced to backpay staff $6.9m

More than 1,700 staff were short-changed over a seven-year period, with some now entitled to $100,000 or more.

11 September 2023 • By Philip King

Tax

ATO strikes without warning in harder line on debt

Enforcement action without warning is an unmistakeable sign that the ATO has adopted a tougher line on debt recovery,...

08 September 2023 • By Philip King

Regulation

ATO takes gloves off to chase down $4bn in long-term debt

Tighter payment plans and an end to interest and penalty remissions are just part of a tougher stance, a deputy...

08 September 2023 • By Christine Chen

Tax

‘ATO must build analytics, security onto strong digital base’

Tax 3.0 requires intelligent design and more investment, the Tax Commissioner says.

08 September 2023 • By Miranda Brownlee, Philip King

Business

Observers praise RBA pause as key indicators realign

Fears of a wage-price spiral have receded, spending has slowed and the bank needs time to assess, commentators say.

06 September 2023 • By Philip King

Tax

ATO escalates warnings over dodgy rental claims

Interest on property loans will come in for special attention this year while additional data matching systems will...

05 September 2023 • By Philip King

Tax

Small business CGT concessions ‘one-way ticket to an ATO review’

The ATO is consistently picking up errors with small business CGT claims due to the complexity of the rules, warns BDO.

05 September 2023 • By Miranda Brownlee