Regulation

Why documentation is vital with ATO audits

Promoted by Thomson Reuters. Smart, cohesive technology has triggered an increase in ATO tax audits in the past 12...

11 April 2019 • By Thomson Reuters

more from tag

Regulation

ATO points to market ‘gap’ after accountants exemption ditched

Dumping the accountants exemption has created a hole in the market for Australians who have simple advice needs, the...

21 March 2019

Regulation

‘The doomsayers are wrong’: Accounting industry younger and thriving, says ATO

The accounting profession is younger than ever, more gender equal, and continually growing, according to new ATO data,...

18 March 2019

Super

ATO rolls out campaign to crackdown on SMSF auditor number misuse

The Tax Office will now provide all SMSF auditors with a list of funds that reported their auditor numbers on annual...

11 March 2019

Tax

ATO small biz treatment and debt recovery practices to undergo review

The Australian Small Business and Family Enterprise Ombudsman will review the ATO’s treatment of small businesses who...

08 March 2019

Regulation

Spike in fees for liquidators, auditors slammed

CPA Australia has taken aim at regulatory cost burden placed on the profession, calling for the government to increase...

26 February 2019

Tax

ATO slapped with 37 recommendations from parliamentary committee

A long-awaited parliamentary inquiry has laid out 37 recommendations to the Tax Office, including the establishment of...

26 February 2019

Technology

‘Nirvana’: ATO promises more goodies post-online services rollout

With around two out of five tax practitioners now having access to the new online services for agents, the ATO has...

20 February 2019 • By Jemelle Blanco

Regulation

Fix funding holes before adding more regulators, government told

ASIC should be given additional funding to execute its job before a new oversight authority is introduced, says the...

15 February 2019 • By Katarina Taurian

Tax

Tax agent, taxpayer satisfaction with ATO drops

The tax office believes its performance as a regulator remains “good” despite showing a decline in community...

12 February 2019

Regulation

‘Better now than never’: A regulatory funding lesson for the accounting industry

The underfunding of industry regulators have contributed to the stark findings of the royal commission, with parallels...

06 February 2019

Regulation

Funding constraints linger despite government’s regulator blasting

The federal government said it’s confident the regulators are well funded and prepared for a post-royal commission...

05 February 2019 • By Billie Andrada

Tax

New SMS scam ‘spoofs’ ATO number

The Tax Office issued a warning on a new text message scam that mimics an ATO number in an attempt to steal money and...

04 February 2019

Regulation

Mandatory education reforms push three-quarters of accountants out of...

Industry polling suggests over three-quarters of accountants will stop providing financial advice or palm them off to...

01 February 2019

Tax

ATO set to contact clients for overdue TPAR

The Tax Office will begin contacting clients in the building and construction industry about their overdue taxable...

30 January 2019

Tax

Transaction requests glitch strikes at ATO

The ATO has identified an issue regarding contribution transaction requests within its Small Business Superannuation...

15 January 2019

Regulation

Ex-ATO boss spies missteps with HNW clients

Confusion between the transfer balance cap and the transfer balance account and what amount a pension can be started...

14 January 2019

Regulation

‘Great angst’: CA ANZ lobbies against mandatory exam

Chartered Accountants Australia and New Zealand has argued that the proposed mandatory exam for accountants providing...

10 January 2019