Business

ATO’s $45bn debt book, deceased estates, to undergo IGTO scrutiny

The Inspector-General of Taxation and Taxation Ombudsman has launched an investigation into the ATO’s $45 billion debt...

01 November 2019

more from tag

Tax

Steer clear of managing tax affairs cap, government told

Caps on specific deductions, such as the deduction for the cost of managing tax affairs, are “selective and...

28 October 2019 • By Jerome Delos Santos

Business

Business $10k cash limit bill progresses

The government has released draft rules on a controversial bill that will criminalise business cash payments above...

28 October 2019

Tax

‘Not sustainable’: FWO criticises businesses for under-resourcing payroll

A recent spike in businesses confessing to underpayments and compliance issues has highlighted how employers have...

28 October 2019

Technology

How technology is shaping the firm of the future

Promoted by CPA Australia. A new report from CPA Australia shines a light on the impact of technology on public...

25 October 2019 • By CPA Australia

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

Business

‘For God’s sake, leave super alone!’: Bill Kelty

One of the architects of the Australian superannuation system has slammed the Morrison government’s inquiry and urged...

25 October 2019

Business

Capitalising the balance sheet: AASB 16 sets a new standard for leases

Promoted by Thomson Reuters. With the introduction of the new AASB 16 Leases, lessees are now required to account for...

24 October 2019 • By Thomson Reuters

Business

How STP will and probably already is affecting your accounting firm and your...

Promoted by Accountancy Insurance. The first Single Touch Payroll (STP) deadline effectively passed on 28 October...

23 October 2019 • By Accountancy Insurance

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

Regulation

CA ANZ, CPA reveal advice advocacy plans

Chartered Accountants Australia and New Zealand and CPA Australia have provided further details on their plans to...

23 October 2019 • By Sarah Kendell

Business

AAT unmoved by ATO website’s ‘poor use of language’

A taxpayer who attested to being misled by the “poor use of language” on the ATO’s website has had his submissions...

22 October 2019

Business

Tax Office to focus on ABN cancellation program

Tax agents have been given a heads up that the ATO will “focus more” on its bulk Australian business number (ABN)...

22 October 2019

Business

ATO knuckles down on cash-only businesses

Cash-only businesses are again in the spotlight, with a high-ranking ATO official suggesting that avoiding digital...

22 October 2019

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, super robo-advisers shut down following ASIC concerns

Two robo-advice tools that dished out tax and superannuation advice have now been voluntarily shut down after concerns...

18 October 2019

Appointments

Former MYOB boss appointed as Business Council president

Former MYOB chief executive Tim Reed will be appointed as the new president of the Business Council of Australia.

18 October 2019