iscover 
Tax
If you asset wash you’ll wear it, warns ATO
The office says creating artificial losses through last-minute crypto and share sales will show up in its data analysis.
29 June 2022 • By Philip King
Business
ATO accelerates STP phase 2 efforts
28 June 2022 • By Emma Musgrave
Tax
ATO flags early release concerns with lapsed lodgers
28 June 2022 • By Emma Musgrave
more from tag
Regulation
ATO takes aim at ‘reckless’ claims of legal privilege
Final protocol developed to prevent “inappropriate” withholding of evidence, the office says.
24 June 2022 • By Philip King
Tax
Avoid wrong moves with rental property, urges ATO
The office says agents should be on alert for three common taxpayer errors.
24 June 2022 • By Philip King
Tax
Help! My client has received an ATO letter about crypto trading
With digital currencies in the spotlight again this year, it’s vital to know the tax-time options.
24 June 2022 • By Danny Talwar
Tax
ATO urges small business to ‘nail’ its tax
A comprehensive toolkit gives a run-down on expenses and deductions.
23 June 2022 • By Josh Needs
Tax
ATO’s 100A tax time guide meets cautious welcome
The update is “helpful” and “clearer” but uncertainty remains, say accountants and professional bodies.
22 June 2022 • By Philip King
Tax
ATO interest charges outpace RBA rate rises
Annual rates for GIC and SIC rise by almost a percentage point.
21 June 2022 • By Josh Needs
Regulation
Fast-food operator fined $204k for falsifying payslips
Court finds breaches of Fair Work Act and worker underpayments of almost $60,000.
21 June 2022 • By Josh Needs
Regulation
ATO-led taskforce executes 19 warrants for GST fraud
Operation Protego makes a series of coordinated nationwide raids in GST crackdown.
20 June 2022 • By Josh Needs
Tax
ATO begins online client linking
The system aims to reduce the risk of unauthorised access to taxpayers’ online accounts.
17 June 2022 • By Josh Needs
Tax
Be wary of trust disclaimers, ATO warns
Beneficiaries are urged to understand the tax effect of entitlements in the wake of a recent High Court decision.
15 June 2022 • By Philip King
Tax
Most trusts safe from 100A, says ATO
Tax Office says common family arrangements have nothing to fear.
14 June 2022 • By Philip King
Tax
100A blue zone could be scrapped, says ATO
Updates will add examples to the “safe” green zone and consider ditching one category altogether.
13 June 2022 • By Philip King
Tax
ATO rejects claims of 100A overreach
In this week’s Accountants Daily podcast, ATO acting assistant commissioner Chris Ryan rejects claims the draft ruling...
11 June 2022 • By Philip King
Tax
100A tax time guide due in days, says ATO
The final document will take longer, the office says, but it will help trustees decide what to do this year.
09 June 2022 • By Philip King
Super
ATO issues warning to late-lodging SMSFs
SMSF annual returns for 2020-21 have to be filed with the Tax Office unless the fund has received an extension.
08 June 2022 • By Miranda Brownlee
Tax
ATO promises 12-day turnaround on error-free returns
But common mistakes will lead to longer processing times, it says.
06 June 2022 • By Josh Needs
Tax
Tax time try-ons won’t wash with ATO, says CA ANZ
Members better be on the lookout when it comes to some of the dodgier client claims.
06 June 2022 • By Philip King
