iscover Tax
Tax
Trust in eligibility checklist when it comes to MITs, ATO warns
The ATO will be notifying accountants where an ineligible trust type has wrongly claimed status.
17 April 2023 • By Philip King
Tax
ATO boosts data-matching arsenal to close $1.3bn rental property gap
14 April 2023 • By Josh Needs and Philip King
Tax
Inefficient, complex FBT regime ripe for overhaul
14 April 2023 • By Robyn Jacobson
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Tax
Social media side hustles all count as income, ATO warns
Many clients will need reminding by their accountants that they have to declare secondary sources of income, including...
14 April 2023 • By Josh Needs
Tax
ATO adds PAYGW prefill to activity statements
In the 2023–24 financial year, 3,000 employers will also be randomly selected to receive reminders regarding the...
13 April 2023 • By Josh Needs
Tax
Accountants must alert clients to LMITO, remind them who to blame
Alarm bells in the media could mean angry clients, so tax agents need to explain the change or risk being a target.
12 April 2023 • By Josh Needs
Tax
Expect rates to stay higher for longer, and plan for rises
Interest rates will remain at today’s “elevated” levels and the only way from here is up, says the senior manager of...
06 April 2023 • By Philip King
Tax
ATO calls on accountants to ensure smooth FBT returns
As the lodgment date looms, the Tax Office delivers an A to Z on FBT.
05 April 2023 • By Josh Needs
Tax
Accountants ‘need to raise their game on FBT’
The ATO wants tax practitioners to help police the system, says FBT specialist Paul Mather.
27 March 2023 • By Philip King
Tax
Small business ‘the big culprit’ over FBT gap
The ATO believes small business is the big culprit when it comes to compliance with FBT and it’s on a mission to round...
24 March 2023 • By Philip King
