Tax

ATO’s $34bn debt book outpaces economic growth: Inspector-General of Taxation
Tax

ATO’s $34bn debt book outpaces economic growth: Inspector-General of Taxation

The ATO’s debt book jumped by 77.6 per cent to $34.1 billion in just four years, with a small number of taxpayers...
30 June 2021 • By Jotham Lian

more from tax

Property investors urged to seek tax advice amid COVID-19
Tax

Property investors urged to seek tax advice amid COVID-19

In the wake of COVID-19, some landlords and property investors may face tax issues they haven’t in the past, and...
29 June 2021 • By John Buckley
FBT exemption for retraining employees locked in
Tax

FBT exemption for retraining employees locked in

Employers who provide training to soon-to-be-redundant employees will now be exempt from fringe benefits tax following...
28 June 2021 • By Jotham Lian
ASIC bans adviser for disregarding client circumstances
Tax

ASIC bans adviser for disregarding client circumstances

A Hobart-based financial adviser who showed a disregard for the personal and financial circumstances of her clients...
28 June 2021 • By John Buckley
ATO shuts down concerns over e-invoicing as tax compliance exercise
Tax

‘No visibility of data’: ATO shuts down concerns over e-invoicing as tax...

The ATO has unequivocally declared that it will not use e-invoicing to facilitate tax compliance, despite fears that...
25 June 2021 • By Jotham Lian
Bumper tax refund year sparks early lodgement warning
Tax

Bumper tax refund year sparks early lodgement warning

Taxpayers could be in line for a windfall tax refund this year, but rushing to file their tax returns from 1 July...
24 June 2021 • By Jotham Lian
Greens JobKeeper repayment bill surfaces in the Senate
Tax

Greens JobKeeper repayment bill surfaces in the Senate

The bill proposes to require the ATO to publish a list of all firms that received JobKeeper, and delay GST credits by...
24 June 2021 • By John Buckley
Have you updated your engagement letter in time for EOFY?
Tax

Have you updated your engagement letter in time for EOFY?

Recent changes to guidance from the TPB in relation to outsourcing and use of cloud software means you should re-look...
24 June 2021 • By Practice Ignition