Tax

Tax

Early lodgement spike sparks tax assessment fears

With tax return lodgements now up by 24 per cent over last year, fears have been raised that this could result in a...

19 July 2019 • By Jotham Lian

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Tax

Federal Court paves way for taxpayer to argue ATO owes duty of care

The Federal Court has held that a taxpayer’s argument that the commissioner owes a duty of care is “reasonably...

17 July 2019 • By Jotham Lian

Tax

AASB proposes interim change for special-purpose financial statements

Entities using special-purpose financial statements could soon be required to explicitly state if accounting policies...

16 July 2019 • By Jotham Lian

Tax

TPB homes in on 350 high-risk practitioners

The Tax Practitioners Board will kick off the new financial year with 350 high-risk tax practitioners in its sights.

15 July 2019 • By Jotham Lian

Tax

Practitioners warned of tax-time scams as losses rise to $2.8m in 2018

With over $2.8 million in reported losses attributed to tax-time scams last year, the ATO is urging practitioners to...

15 July 2019 • By Jotham Lian

Tax

No new policy on private rulings, says Tax Office

The ATO says it has not changed its policy to stop providing reasons in edited versions of private rulings after...

12 July 2019 • By Jotham Lian

Tax

ATO set to correct concessional lodgement due date

The ATO will update actual lodgement due dates for individual clients by the end of the month after a number of tax...

12 July 2019 • By Jotham Lian

Tax

‘Inappropriate use’ of myGov lodgements set for ATO scrutiny

The ATO has sent a warning to tax practitioners about using a client’s personal myGov account to lodge tax returns,...

11 July 2019 • By Jotham Lian