Tax

Tax

ATO interest charges soar to highest level since GFC

The general and shortfall rates for late tax payments rise for the eighth quarter in a row.

14 September 2023 • By Philip King

more from tax

Tax

Side hustles run from home can trigger CGT, tax lawyer warns

Conducting a business at your main residence imperils the levy exemption when the house is sold.

11 September 2023 • By Philip King

Tax

Tax debts ‘at double pre-pandemic levels, $1m common’

More businesses have tax liabilities and interest charges mount up quickly, specialist ATO negotiator Olga Koskie says.

11 September 2023 • By Philip King

Tax

ATO strikes without warning in harder line on debt

Enforcement action without warning is an unmistakeable sign that the ATO has adopted a tougher line on debt recovery,...

08 September 2023 • By Philip King

Tax

How Victoria sows uncertainty with land Windfall Gains Tax

In operation since July, the levy on uplift from rezoning adds another layer of cost and complexity to land...

08 September 2023 • By Jeremy Makowski

Tax

‘ATO must build analytics, security onto strong digital base’

Tax 3.0 requires intelligent design and more investment, the Tax Commissioner says.

08 September 2023 • By Miranda Brownlee, Philip King

Tax

Lock the door to cyber threats, embrace client linking: Jordan

The profession needs to raise its game to combat rising fraud and identity theft, ATO Commissioner says.

07 September 2023 • By Philip King

Tax

Too many businesses roll the dice on tax debt: Jordan

Profitable companies that choose to relegate their tax and super obligations will be a focus of the ATO’s crackdown on...

06 September 2023 • By Philip King