Regulation

Excessive ATO assessment? Know your rights to object

As more resources are directed at compliance, tax disputes are likely to rise and the burden of proof is on the...

11 November 2022 • By Jeremy Makowski

more from tag

Tax

ATO collectable debt balloons to $45bn, small business on hit list

The tax office annual report says pandemic measures are responsible for a huge increase in non-disputed debt.

01 November 2022 • By Philip King

Tax

Budget: ATO expected to reap $5.6bn from crackdown

Multinationals, the shadow economy, and individual taxpayers will be targeted thanks to an extra $1.5bn in funding.

27 October 2022 • By Philip King

Tax

ATO to target individual taxpayers over $8bn shortfall

Work expenses, omitted income, and rental claims will come in for extra scrutiny to narrow the tax gap.

24 October 2022 • By Philip King

Tax

ATO relaxes lodgment deadlines for flood-hit zones

With four different states facing catastrophic flooding, the Tax Office has revived previous support schemes.

21 October 2022 • By Josh Needs

Tax

Small business debt and tax gap at top of ATO hit list

Second Commissioner says the sector is the biggest culprit and digitisation will be key to bringing it around.

21 October 2022 • By Philip King

Technology

ATO ‘hit by 3m cyber attacks a month’

Second Commissioner says criminals are getting smarter about identity theft and the tax infrastructure is vulnerable.

20 October 2022 • By Philip King

Regulation

Liquidator charged for allegedly withdrawing over $150,000

The members’ voluntary liquidator was reported to ASIC by his replacement.

18 October 2022 • By Josh Needs

Super

SuperStream issues mean ATO should tread softly: SMSF industry

With the office likely to be “bombarded” with breaches, the SMSF industry hopes it will take an “educative approach”.

17 October 2022 • By Miranda Brownlee

Tax

Top 1,000 taxpayers paid more than $44bn: ATO

One-fifth of corporate income tax and about one-third of GST comes from our largest entities.

17 October 2022 • By Keeli Cambourne

Tax

With 100A, the ATO has zoned us out

The use of colour codes to classify trust distribution arrangements allows the tax office to dodge tricky issues of...

13 October 2022 • By John Jeffreys

Regulation

COVID kicked ATO objections up a gear

An Inspector-General of Taxation report shows pandemic support measures caused a huge increase in small business...

11 October 2022 • By Philip King

Tax

ATO’s digital drive has global dimension, says Commissioner

Forum on Tax Administration doubles down on international co-operation in 20th anniversary session in Sydney.

30 September 2022 • By Philip King

Business

Accountants still in ‘quandary’ over ATO’s 100A

Decisions around trust distributions were made under a cloud of ambiguity by 30 June as 100A had not provided clarity,...

29 September 2022 • By Malavika Santhebennur

Tax

One last chance to tell the ATO how you feel about s100A

There’s still time to submit feedback on the trust distribution draft guidance released in February before it’s...

26 September 2022 • By Peter Bembrick

Tax

ATO signs $323m lease for purpose-built Barton building

Canberra staff are scheduled to move in three years and will be given a voice in the fit-out.

23 September 2022 • By Philip King

Tax

ATO’s interest charges hit highest level in seven years

General and shortfall rate increases this year have outpaced rises by the RBA.

20 September 2022 • By Josh Needs

Super

‘Common sense’ needed in NALE conversation, says ATO

The ATO wants industry to focus on the big issues with non-arm's length income and expenditure.

19 September 2022 • By Miranda Brownlee