Tax

ATO to quiz professionals over profit allocation arrangements
Tax

ATO to quiz professionals over profit allocation arrangements

A dedicated team within the Tax Office will begin contacting those with high-risk arrangements.
15 September 2022 • By Miranda Brownlee

more from tax

 ‘Confusing and contradictory!’ or ‘Telling it like it is!’
Tax

‘Confusing and contradictory!’ or ‘Telling it like it is!’

The future according to the Tax Commissioner provokes a range of reactions from the profession.
09 September 2022 • By Philip King
ATO boss outlines future ‘where tax just happens’
Tax

ATO boss outlines future ‘where tax just happens’

Agents that rely on high-volume business will be unviable within five years, Chris Jordan says, with full digitisation...
08 September 2022 • By Philip King
Skilled migrants ‘need prospect of permanent residency’
Tax

Skilled migrants ‘need prospect of permanent residency’

A global shortage of accounting professionals means Australia must lift its game on visa processing and offer greater...
05 September 2022 • By Philip King
Stage three tax cuts ‘pointless without system overhaul’
Tax

Stage three tax cuts ‘pointless without system overhaul’

Politicians have lost sight of the main problem: a broken and unsustainable revenue model, says the Tax Institute.
02 September 2022 • By Josh Needs
Chalmers revives 120% deductions for spending on skills, digital
Tax

Chalmers revives 120% deductions for spending on skills, digital

The small business incentive measures, worth $1.5 billion, will be backdated to March.
30 August 2022 • By Philip King
Declare cash sales or run the risk, business told
Tax

Declare cash sales or run the risk, business told

Off-the-books transactions and side hustles have a habit of showing up the ATO’s tracing technology, says Assistant...
30 August 2022 • By Philip King
A trio of trip-wires businesses should avoid, says ATO   
Tax

A trio of trip-wires businesses should avoid, says ATO

Wayward habits accentuated by the pandemic will be a compliance focus.
29 August 2022 • By Philip King