Regulation

‘The time has come’: Joint accounting bodies lobby for regulatory framework...

Australia’s three major professional accounting bodies have now re-established the joint accounting bodies alliance in...

31 October 2019

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Technology

‘Obligation to be 24/7’: ATO pressed to reduce maintenance downtime

The ATO has recorded a 99.5 per cent digital system availability result for the last financial year, but frustrations...

23 October 2019 • By Jemelle Blanco

Tax

ATO heads to Western Sydney following spike in tip-offs

Bankstown will be the site of the next tranche of business visits by ATO inspectors, after the Tax Office noticed an...

21 October 2019

Business

Tax professionals vital for small business success: ATO

Having a professional adviser is the “single best predictor of success” for a small business, says ATO second...

18 October 2019

Business

ATO targets ‘unfair advantage’ in Tasmanian businesses

Tasmanian businesses can expect another round of visits from the ATO this year, with 300 small businesses in Hobart in...

14 October 2019 • By Jemelle Blanco

Tax

ATO letter campaign around SG obligations set to debut

A new ATO letter campaign to employer clients reminding them of their superannuation guarantee obligations will soon...

11 October 2019

Regulation

ATO confirms LRBA focus in diversification probe

The ATO has confirmed that the focus of its current diversification review is SMSFs with portfolios that are highly...

20 September 2019 • By Sarah Kendell

Regulation

New research reveals the high cost public practitioners pay for regulatory...

Promoted by CPA Australia. It’s no secret that regulatory complexity is placing a hefty burden on public...

16 September 2019 • By CPA Australia

Regulation

ATO diversification letters a ‘wake-up call’

The ATO’s latest focus on diversification is a “wake-up call” for funds to consider all relevant investment risks,...

13 September 2019

Business

‘We don’t want businesses to fail’: ATO looks to equip practitioners with more...

The ATO will aim to give accountants and bookkeepers better data insights, such as in-depth benchmarking data, to...

10 September 2019

Regulation

Industry questions ATO diversification focus

The ATO’s focus on undiversified funds in its current review is unjustified, given many SMSFs have legitimate reasons...

09 September 2019 • By Sarah Kendell

Tax

ATO to refine tax practitioner risk model amid black economy crackdown

The ATO will develop a holistic tax practitioner risk model to identify agents who are potentially facilitating black...

26 August 2019

Tax

Employer SG nudges set to roll out as ATO gains ‘unprecedented visibility’

A pilot program that nudges employers to pay their superannuation guarantee will soon be rolled out to the wider...

22 August 2019

Tax

ATO flashes reminder ahead of TPAR deadline

Clients who are in industries captured by the taxable payments reporting system have been issued a reminder by the Tax...

13 August 2019

Tax

ATO shines light on common SBSCH errors

The Tax Office has provided some tips to avoid common errors around the use of the small business superannuation...

25 July 2019

Tax

‘Inappropriate use’ of myGov lodgements set for ATO scrutiny

The ATO has sent a warning to tax practitioners about using a client’s personal myGov account to lodge tax returns,...

11 July 2019

Tax

Update clients’ financial institution details for unclaimed super: ATO

Accountants have been reminded to help their clients reclaim their lost super by ensuring their correct financial...

09 July 2019

Super

New tax return label to risk-profile SMSFs, says ATO

The ATO says the new label in the SMSF annual return relating to Part A of the audit report will be used to build a...

20 June 2019