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Tax

ATO updates process for requesting non-binding advice
Tax

ATO updates process for requesting non-binding advice

With the ATO closing its professional-to-professional (P2P) mailbox in late December, the Tax Office has advised SMSF...
25 January 2022 • By Reporter

more from tax

Safe harbours needed for reporting estimates
Tax

Safe harbours needed for reporting estimates, says Tax Institute

The ATO should provide SMSF trustees with a safe harbour for estimates used when reporting the value of income...
21 January 2022 • By Miranda Brownlee
NALI tax consequences ‘ginormous’ for contributions
Tax

NALI tax consequences ‘ginormous’ for contributions

Advisers should start warning SMSF clients about the severe tax ramifications that will apply to contributions where...
21 January 2022 • By Miranda Brownlee
Tax Institute
Tax

Tax Institute pushes for July 2023 start for new TBAR system

The Tax Institute says the streamlined system for transfer balance account reporting for SMSFs should not commence...
20 January 2022 • By Miranda Brownlee
ATO
Tax

McDonald’s fined over ATO document compliance failure

McDonald’s has been convicted and fined for failing to provide documents to the Australian Taxation Office (ATO).
18 January 2022 • By Tony Zhang
ATO highlights support for out-of-date lodgments and payments
Tax

ATO highlights support for out-of-date lodgments and payments

The ATO has issued a reminder to those who have clients currently not up to date with their lodgment and payment...
14 January 2022 • By Reporter
Tax debt, inadequate books see director cop 4-year ban
Tax

Tax debt, inadequate books see director cop 4-year ban

A Sydney director who failed to prevent his companies from incurring debts while insolvent and maintain his tax...
10 January 2022 • By Emma Musgrave
Find ABN and GST errors in minutes and smooth out BAS review
Tax

Find ABN and GST errors in minutes and smooth out BAS review

Almost 60% of accounting files contain GST or ABN errors – how much time do you spend cleaning them up (and do you...
10 January 2022 • By XBert