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

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There’s still time to submit feedback on the trust distribution draft guidance released in February before it’s...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

Tax

ATO to quiz professionals over profit allocation arrangements

A dedicated team within the Tax Office will begin contacting those with high-risk arrangements.

15 September 2022 • By Miranda Brownlee

Tax

ATO boss outlines future ‘where tax just happens’

Agents that rely on high-volume business will be unviable within five years, Chris Jordan says, with full digitisation...

08 September 2022 • By Philip King

Appointments

WAIS recruits fifth registered liquidator in Cliff Rocke

The Western Australian insolvency outfit strengthens its team with wind-up and restructuring specialist.

06 September 2022 • By Philip King

Tax

A trio of trip-wires businesses should avoid, says ATO

Wayward habits accentuated by the pandemic will be a compliance focus.

29 August 2022 • By Philip King

Tax

Redraw blurred lines between work and home, ATO warns

Lines between expenses related to business and personal use that became fuzzy during the pandemic need to be brought...

26 August 2022 • By Philip King

Super

ATO puts late lodging professionals on notice

The ATO will undertake compliance action against hundreds of professionals who are yet to lodge their SMSF return.

26 August 2022 • By Miranda Brownlee

Tax

Quiz clients on second-hand rental write-downs, ATO warns

The office outlines strict rules over which depreciating assets can be claimed.

24 August 2022 • By Josh Needs