Tax & Compliance
Senate inquiry hears concerns around tax debt disclosure proposal The government’s plan to introduce new laws to allow the disclosure of business tax debts has hit a hurdle, with key industry voices raising concerns over the lack of s...
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 business population, as the ATO seeks to act on an “unp...
EY acknowledges payroll headache Big four firm EY has confirmed it has opened investigations into payroll issues after the firm ran into problems during its transition to a new outsourced payroll provide...
Proposed tax debt disclosure set to put an end to ‘unofficial ATO bank’ The government’s plan to allow the ATO to disclose business tax debts to credit reporting bureaus could spell the end of businesses using the Tax Office as an unofficia...
$10bn in refunds paid out as taxpayers ignore early lodging warnings A rush to lodge tax returns this year has seen the ATO refund $10 billion to taxpayers this tax time, tracking more than $2 billion from this time last year. Writ...
ATO eyes undisclosed foreign income as fresh offshore data rolls in Financial account information of more than 1.6 million offshore accounts holding over $100 billion has now been made available to the ATO, with clients urged to come clea...
Tax Office cleared to use data leak information The High Court has paved the way for the Tax Office to use information obtained from the Paradise Papers and future data leaks. Write comment (2 Comments) ...
Federal Court rules on personal services income cases Personal services income rules have been thrust into the spotlight recently, with the Federal Court handing down a favourable and unfavourable decision to the commissione...
Proposal to hold directors liable for GST set to pierce corporate veil The proposed extension of the director penalty regime to GST liabilities could spell the end of the corporate veil for small to medium enterprise directors, says an insol...
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 Office to file their annual report due in the next ...
Tax Office reveals common STP set-up mistakes Authorisation failures and software set-up issues are among some of the top mistakes accountants and their business clients are making with the new Single Touch Payroll r...
3 out of 5 small businesses yet to take up STP as 30 September deadline looms Less than half of all small businesses are now reporting through Single Touch Payroll despite the incoming 30 September transition start date, but the Tax Office is not p...
