Tax

Tax

$120m in JobKeeper clawed back by ATO, new compliance areas highlighted

About $120 million in JobKeeper payments have been recovered by the ATO due to businesses making deliberate or...

28 October 2020 • By Jotham Lian

more from tax

Tax

97% of tax revenue comes from 5 taxes; let’s talk about the remaining 3%

In Australia, five taxes make up 97 per cent of our tax revenue, so what are these five and does, the remaining 3 per...

23 October 2020 • By Greg Travers, William Buck

Tax

A closer look at the $31bn tax gap

The ATO has released its tax gap estimates for all 15 income and transactional-based taxes for the first time ever,...

23 October 2020 • By Robyn Tongol

Tax

Employers cautioned over ‘hard and fast’ decline in turnover eligibility

Accountants assisting clients with the JobKeeper extension have been urged to pay close attention to the actual...

23 October 2020 • By Jotham Lian

Tax

ATO details COVID-19 hit on revenue and lodgement targets

A $1.3 billion shortfall saw the ATO fail to hit its compliance revenue target for the year as it adjusted its...

22 October 2020 • By Jotham Lian

Tax

Former ATO assistant commissioner joins The Tax Institute

A former ATO assistant commissioner has now joined The Tax Institute as its new tax policy and advocacy lead.

22 October 2020 • By Tony Zhang

Tax

ATO reveals first-ever total tax gap of $31bn

The ATO believes $31.2 billion in taxes continues to be unaccounted for as it publishes its tax gap analysis for the...

20 October 2020 • By Jotham Lian

Tax

Taxpayers warned on latest TFN scam

A consumer watchdog has warned Australians to be vigilant against the latest phone scam.

20 October 2020 • By Cameron Micallef