Tax

Tax

ATO finalises guidance on new discretion to retain refunds

ATO officers will now be expected to explain to taxpayers why their tax refunds are being retained, after laws were...

27 April 2021 • By Jotham Lian

more from tax

Tax

ATO promises not to ‘destroy’ businesses as it resumes debt collection

Businesses struggling with tax debts have been urged to re-engage with the ATO as it pledges not to “destroy the very...

23 April 2021 • By Jotham Lian

Tax

Senator floats tax reform to lure business investment, immigration

Introducing a corporate tax concession, flexibility for entrepreneurs who don’t spend the entire financial year in...

23 April 2021 • By John Buckley

Tax

Value behind traditional lodgements is diminishing, says the ATO

Tax agents who continue to base their value and business model around the traditional tax return will struggle as the...

22 April 2021 • By John Buckley

Tax

Government reveals new disciplinary regime for tax financial advisers

Practitioners providing tax financial advice will no longer need to be registered with the Tax Practitioners Board...

20 April 2021 • By Jotham Lian

Tax

FBT, CGT exemption draft legislation surfaces

Draft legislation for two federal budget announcements last October has now been released, including measures to...

19 April 2021 • By Jotham Lian

Tax

‘We were not consulted’: ATO lashed over new partner profit guidelines

The ATO’s failure to consult with peak professional bodies in developing its draft allocation of professional firm...

19 April 2021 • By Jotham Lian

Tax

Tribunal upholds agent’s registration termination for ‘grossly’ misapplying...

A tax agent who amended tax returns without consulting his clients, failed to pay personal tax debts and misled...

19 April 2021 • By John Buckley