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Tax & Compliance
Tax & Compliance
Dob in dodgy competitors, ATO says pre-tax agent strike The ATO and the Tax Practitioners Board (TPB) have spruiked their commitment to investigating complaints against dodgy tax practitioners, as it looks to mitigate the back...
Proposed R&D changes labelled complex, uncompetitive The government’s proposed changes to the R&D tax incentive have been widely panned, with one mid-tier noting that the complexity and cost of compliance with the pro...
ATO sets sights on 200,000 taxpayers with short-term rentals Close to 200,000 taxpayers who facilitate rental properties will be reviewed by the ATO as it looks to prioritise the share economy this tax time. Write comment ...
11-year investigation lands tax cheats in jail In a case involving millions in undeclared income, two men have been sentenced to prison for charges, including conspiracy to defraud the Commonwealth.  Write co...
‘I’m very cynical’: Tax Institute fronts government on tax mess An “unnecessary array” of taxes and inefficiencies has been presented to the government, but the road to reform continues to be hindered by the political system, says...
ATO defends tax gap report as 500 agents circled In defence of its major tax gap report, the ATO has revealed more about its methodology and findings, while pushing on with its with compliance action concerning hundreds...
Additional rules surface with stapled structures clampdown More details on integrity rules on arrangements involving stapled structures have been released, including the extension of the scope of the non-arm’s length income rul...
Tax cuts debate fires up at govt hearing The prospect of backflipping on or stagnating company tax cuts plans has been met with dire warnings at a hearing this week.  Write comment (0 Comments) ...
ATO concedes error on tax withholding calculator The tax office has admitted to making an error on its tax withholding calculator, which may have caused employers who used it to withhold more than required. Writ...
Reform will come: FOFA father predicts life for accountants post Royal Commission Accountants and financial advisers will be operating in a “very different environment” after the royal commission, according to the architect of the Future of Financi...
ATO’s corporate residency guidance cops backlash The tax office’s new approach to determining whether entities are resident under the central management and control test has drawn flak from industry bodies, noting tec...
Govt hears of software, cost barriers in STP hold-ups A standing committee has heard of extremely low take-up of impending single touch payroll (STP) changes, with “time and cost” barriers hitting home for smaller entiti...