Tax & Compliance
Tax Office issues reminder as lodgement deadline approaches
With less than two weeks to go before the self-lodgement deadline, the ATO is urging taxpayers to engage a tax agent or file their return by 31 October.
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TPB eyes 2,000 agents responsible for $1bn overclaimed deductions
The Tax Practitioners Board has identified 2,000 high-risk tax practitioners that are responsible for over $1 billion in overclaimed expenses, as it pledges to crack down...
‘Unprecedented level of visibility’: ATO announces first use of STP data
The ATO has announced its first direct use of Single Touch Payroll information, vowing to act on its “unprecedented level of visibility” of superannuation information...
Permanent STP quarterly reporting concession floated to ATO
There might be hope for micro businesses to rely on the Single Touch Payroll quarterly reporting concession on an “enduring basis”, with an industry body currently in...
Businesses urged to review payroll systems in wake of ongoing underpayment revelations
Recent high-profile payroll cases across the country should spur businesses to review their payroll systems to reduce their risk of tax and legal compliance issues, says ...
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 be underway.
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New super guarantee exemptions available from next year
High-income earners with multiple employers can apply to opt out of receiving superannuation guarantee (SG) payments from some employers to avoid unintentionally exceed...
Concern raised on SA land tax reforms
The Real Estate Institute of South Australia has revealed there is “deep concern” coming from members of the community when it comes to proposed changes to the land t...
KPMG flags ‘inadequate’ and ‘damaging’ Newstart allowance
KPMG has spoken out about the government’s review into Newstart, noting that current payments are too low and create a barrier to entry in the workforce.
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ATO to stamp out ‘black economy’ in Bathurst
The Australian Taxation Office (ATO) is headed to the central west of NSW, following a number of tip-offs flagging concerns about businesses engaging in black economy ac...
Proposed testamentary trust measure released
A measure that aims to close a testamentary trust loophole has now been released in the form of exposure draft legislation, with a retrospective application to 1 July 201...
STP audit activity to ramp up as ATO ditches ‘softly softly’ approach
The ATO’s “softly softly” approach to Single Touch Payroll will not last long, warns a tax expert, as clients are urged to revisit historical data before the Tax Of...
