Regulation

‘PDF is not e-invoicing’: ATO explains new payment experience

The ATO is currently working on rolling out e-invoicing for Australian businesses, with the marketed benefits of cost...

25 November 2019

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Tax

$21m tax scheme forces ATO to make system changes

The Tax Office says it has now implemented changes to its system to prevent large-scale tax fraud, such as the Western...

15 November 2019

Business

Are small businesses using the ATO as a bank?

Recent figures show that over 800,000 small businesses are currently on payment plans with the ATO to help them to pay...

08 November 2019 • By Tasha Levy

Regulation

Inquiry mute on dedicated compensation for ATO outages

Accountants hoping for easier access to compensation for major ATO system outages have had their hopes all but dashed,...

05 November 2019

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

Regulation

‘Community expectations have changed’: TPB signals new regulatory focus

Tax agent terminations spiked by 208 per cent in the last financial year, with complaints and referrals increasing by...

25 October 2019

Tax

1 in 4 complaints about ATO debt collection: IGTO

The ATO’s debt collection tactics continue to form the bulk of complaints received by the Taxation Ombudsman, giving...

25 October 2019 • By Jemelle Blanco

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