Tax

Tax

‘ATO no longer prepared to be viewed as a line of credit’

Businesses have been warned against using the ATO as an alternative line of credit as new debt reporting powers come...

05 October 2021 • By John Buckley

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Tax

ATO coy on work-from-home deduction shortcut

The ATO says it will make a decision soon on a possible extension of the home office expenses shortcut method as large...

27 September 2021 • By Jotham Lian

Tax

Preparing for STP Phase 2

The start date for Single Touch Payroll Phase 2 is fast approaching, but with everything going on around us at the...

24 September 2021 • By Robyn Tongol

Tax

ATO announces STP Phase 2 blanket deferral

Australian employers will now have two more months to transition to the second phase of Single Touch Payroll as the...

24 September 2021 • By Jotham Lian

Tax

Treasury consults on increase to charities financial reporting threshold

The revenue thresholds defining small, medium and large charities are set to be raised, saving over 5,000 charities...

22 September 2021 • By Jotham Lian

Tax

Rogue agent sees over 2,000 taxpayers impacted

Over 2,000 taxpayers in Western Australia who used an unregistered preparer to lodge their tax returns could now be...

21 September 2021 • By Jotham Lian

Tax

ATO eyes foreign income disguised as gifts, loans

The ATO will ramp up reviews and audits of Australian-resident taxpayers who attempt to conceal foreign source income...

21 September 2021 • By Jotham Lian

Tax

OnlyFans, Twitch, Patreon: ATO tightens the net on gig economy

Australians with side hustles, including those on online platforms OnlyFans, Patreon or Twitch, are being warned by...

20 September 2021 • By Jotham Lian