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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
25 February 2021 • By Jotham Lian
Tax
Accountants foreshadow ATO compliance storm
23 February 2021 • By Jotham Lian
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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
Tax
Surgeon denied release of $1.2m tax debt
A medical practitioner with tax debts of close to $1.2 million has been denied a release of his liabilities after...
18 February 2021 • By Jotham Lian
Tax
ATO to claw back $155m in JobKeeper overpayments
The ATO has set its eyes on recovering a further $155 million in JobKeeper payments that were paid out to businesses...
17 February 2021 • By Jotham Lian
Tax
Federal Court hands out highest-ever $22.68m penalty to tax exploitation...
A former tax agent and chartered accountant has been hit with $22.68 million in penalties after being found to have...
16 February 2021 • By Jotham Lian