Regulation

ATO hits SMSF trustees with record disqualifications, fines

The sanctions come as the Tax Office intensifies efforts to stop trustees from overstepping the mark.

01 September 2023 • By Christine Chen

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Tax

File contractor payments on time or raise a red flag, ATO warns

The Tax Office says it will penalise failure to meet the TPAR deadline and use data from the system to expose the...

22 August 2023 • By Philip King

Super

ATO urged to postpone tax determination on NALI and CGT

The ATO must delay its tax determination concerning non-arm’s length income and capital gains tax until the non-arm’s...

07 August 2023 • By Miranda Brownlee

Regulation

AFP ‘had insufficient information from ATO to pursue PwC’ in 2018

Sample documents were supplied by the Tax Office five years ago but it was only in May that Treasury reported a crime...

04 August 2023 • By Philip King

Tax

Average ATO refund tumbles $430 compared to last July

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.

03 August 2023 • By Philip King

Tax

ATO to triple credit referrals in ‘stronger actions’ on debt

The Tax Office plans to send out 50,000 intent-to-disclose notices this financial year as it chases billions owing.

31 July 2023 • By Philip King

Tax

Jordan to exit ATO in February after 10 years at helm

“I’m proud of everything we’ve achieved,” the Tax Commissioner said in an address to staff.

28 July 2023 • By Philip King

Tax

‘Aggressive’ ATO puts directors in front line for tax debts

The ATO has hardened its stance and director penalty notices are now its first resort, according to Tax Assure.

26 July 2023 • By Philip King

Regulation

Joint ATO operation smashes $137m fraud and exploitation ring

A two-and-a-half year investigation uncovers cash payments and tax avoidance involving illegal migrants working in the...

24 July 2023 • By Josh Needs

Tax

ATO reveals characteristics and behaviours it will focus on

Accountants must make their clients aware of behaviours that will attract the ire of the ATO.

21 July 2023 • By Josh Needs

Super

ATO warns of early release schemes targeting SMSFs

Plans to channel money or assets into an SMSF to pay less tax could result in the loss of entire savings, says the Tax...

12 July 2023 • By Josh Needs

Regulation

Robodebt report casts doubt on legality of ATO data exchanges

Royal commission recommends the government check that information sharing with Services Australia is lawful.

10 July 2023 • By Philip King

Tax

Why taxpayers should aim to beat ATO at its own game

Data analytics have empowered the Tax Office and so it’s time Australians change the way they do returns.

07 July 2023 • By Nicole Kelly

Technology

Tech incubator recruits CA ANZ to pitch sessions

Members will get a chance to shape accounting technology in its formative stages, says Early Adopters Hub.

06 July 2023 • By Philip King

Tax

Avoid copying last year’s return, warns ATO

Those with work expenses included in their deductions have been cautioned against copying last year’s return with...

05 July 2023 • By Josh Needs

Tax

Don’t call us! ATO tells agents, just go online

The Tax Office said to ask a tax professional or its virtual assistant Alex rather than call the body during its...

04 July 2023 • By Josh Needs

Tax

Why the revised ATO charter comes up short on accountability

The office has responded to feedback and made the document more accessible, but a key failing remains.

30 June 2023 • By John Jeffreys

Tax

Avoid lodging returns too early, warns ATO

Waiting for all pre-filled data to be gathered before lodging is the best way to avoid processing delays and follow-up...

28 June 2023 • By Josh Needs