Tax

ato  tax agents  individual tax gaps
Tax

Tax agents called on to correct investors, salary earners' slip-ups

In a bid to reduce the $8.7 billion individuals tax gap, the tax office is calling on tax agents to watch for key...
18 July 2018 • By Jotham Lian

more from tax

robert deutsch  tax institute senior tax counsel professor
Tax

Real-time ATO, tax agent interaction tipped to escalate

Real-time interaction between tax agents and the ATO will likely escalate in the coming years, as the regulator seeks...
17 July 2018 • By Jotham Lian
kelly o dwyer  ato  asic  fairwork obudsman  illegal phoenix activity  federal government
Tax

$5b phoenix bill tipped to drive more tax monitoring, compliance action

The federal government has commissioned major reports and new resources to plug a $5 billion hole created by illegal...
17 July 2018 • By Jotham Lian
lielette calleja
Tax

$472k in recoveries shines light on alternative reporting systems

The Fair Work Ombudsman's compliance action in the hospitality industry has triggered some in the industry to consider...
16 July 2018 • By Jotham Lian
chris hooper
Tax

‘Fundamental mistakes’ spied in cryptocurrency regulation

The tax office’s approach to regulating cryptocurrencies, including recognising a capital gain event, contains...
16 July 2018 • By Jotham Lian
kylie parker
Tax

Caution advised on pricing model transition for clients

Accounting firms would do well to consider a few key precautionary measures before deciding to change their client...
13 July 2018 • By Adrian Flores
adam kendrick  ato
Tax

‘Large preparers to suburban accountants’ copped ATO audit

Pre-emptive warnings and compliance action are on the cards as the ATO speaks on the tax agent behaviour which is...
13 July 2018 • By Jotham Lian
court trial  scale of justice  suspended sentence
Tax

91 missed returns lands taxpayer with suspended sentence

Failing to lodge 91 returns over a decade has seen a business owner issued a suspended sentence, and follows tens of...
12 July 2018 • By Jotham Lian