Tax

Tax

‘Lead the way’: TPB sounds warning over blatant disregard of personal tax...

The Tax Practitioners Board has sent a warning to tax agents to comply with their personal tax obligations following...

25 August 2021 • By Jotham Lian

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Tax

ATO to offer new lodgement support in September

The ATO will soon allow tax agents to request for extra time to lodge for up to five clients as it recognises the...

23 August 2021 • By Jotham Lian

Tax

AAT reduces penalties for reckless claims based on incorrect tax agent advice

A support worker has succeeded in reducing shortfall penalties for reckless deductions after the tribunal found that...

18 August 2021 • By Jotham Lian

Tax

Critics say ATO forward-planning neglects tax profession

The Tax Office’s 2021–22 corporate plan fails to address the burden shouldered by the tax profession and focuses on...

18 August 2021 • By John Buckley

Tax

Financial advice reform an opportunity to reduce red tape: CA ANZ

The government’s proposed reforms for the financial advice sector are overall positive, says one peak body, but they...

18 August 2021 • By John Buckley

Tax

ATO wields new weapon to compel businesses to act on tax debts

The ATO has begun utilising new powers that will allow it to disclose business tax debts to credit reporting bureaus,...

17 August 2021 • By Jotham Lian

Tax

Unregistered agent cops additional jail time, fine for repeated offences

A Brisbane man has been sentenced to an additional seven months of imprisonment and a $5,000 fine after continuing to...

16 August 2021 • By John Buckley

Tax

Peak bodies fear compensation scheme could be last straw for advice industry

The compensation scheme’s design could give rise to overuse and expose small financial advice firms to even more costs...

16 August 2021 • By John Buckley