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Tax
ATO revives offsets against debts on hold
Inactive amounts owed by taxpayers will be deducted from credits, starting in June.
19 May 2022 • By Philip King
Tax
ATO zeroes in on work expenses, crypto investments
18 May 2022 • By Tony Zhang
Tax
Why surprised accountants baulked at ‘heavy handed’ 100A draft
17 May 2022 • By Philip King
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Tax
Taxpayers get wise to ATO impersonators
Phone, SMS and email have fallen markedly since last year.
17 May 2022 • By Tony Zhang
Tax
What you need to know to manage your client’s crypto tax return as an Accountant
As the world of cryptocurrency grows, so does the need for accountants to understand the industry and its relevant tax...
16 May 2022 • By CryptoTaxCalculator
Tax
Pets, gyms and concert tickets can incur FBT, says ATO
Employers offered a range of benefits during the pandemic that will trigger a tax liability.
16 May 2022 • By Tony Zhang
Tax
Legal change needed for certainty over 100A
Tighter definitions and a time limit would help clear up doubts over ATO draft ruling.
13 May 2022 • By Philip King
Tax
ATO issuing 30-40 penalty notices a day – and rising
Office steps up debt collection with scores of director penalty notices and hundreds of credit referrals.
13 May 2022 • By Philip King
Tax
Warning shot frightens directors into action on debt
The ATO’s threat of an imminent penalty notice has resulted in inquiries running hot at insolvency specialists.
13 May 2022 • By Philip King
Tax
100A guidance rides roughshod over diversity, says CPA Australia
The range of examples in the ATO trust ruling fails to reflect Australian cultural reality, says Elinor Kasapidis.
13 May 2022 • By Philip King