Tax

Tax

ATO on the hunt for 60,000 TPAR businesses

More than one in five businesses required to lodge a taxable payments annual report for the last financial year have...

02 March 2021 • By Jotham Lian

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Tax

ATO’s good-faith approach to crypto won’t last much longer

The ATO has maintained its good-faith approach to the accounting of cryptocurrencies, though it isn’t expected to last...

25 February 2021 • By John Buckley

Tax

Government urged to get the ball rolling with Division 7A

It’s been close to five years since proposed changes to Division 7A were first announced, but the profession remains...

25 February 2021 • By Jotham Lian

Tax

Accountants foreshadow ATO compliance storm

Accountants are bracing for a full recommencement of ATO audit and debt activity as recent signs point towards a...

23 February 2021 • By Jotham Lian

Tax

Treasury floats increase to charities’ financial reporting threshold

Close to 7,000 charities are set to see a reduction in accounting fees as the government looks to revise current...

23 February 2021 • By Jotham Lian

Tax

Tax agent terminated after trying to bribe client to withdraw complaint

The Tax Practitioners Board has terminated the registration of a company tax agent after the agent attempted to...

22 February 2021 • By Jotham Lian

Tax

Tax administration lessons learnt from COVID-19 (and promptly forgotten)

Although most of us will remember 2020 as a year of enormous disruption and difficulties, it likely represents the...

19 February 2021 • By David Hughes, McCullough Robertson Lawyers

Tax

Overclaimed work-related expenses see agent disqualified

A recent tribunal case that saw a tax agent’s registration terminated over eight incompetently prepared income tax...

19 February 2021 • By Jotham Lian