ATO focus on business tax and super debt
The Australian Taxation Office are changing their approach to collecting unpaid tax and superannuation debts, focusing on businesses who refuse…
Property and ‘lifestyle’ assets in the spotlight
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at…
When is a gift not a gift?
The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not…
The changes to how tax practitioners work with clients
The Government has amended the legislation guiding registered tax practitioners to include compulsory reporting of material uncorrected errors to the…
What’s changing on 1 July 2024?
Here’s a summary of the key changes coming into effect on 1 July 2024: For business Note: The material and…
ATO fires warning shot on trust distributions
The ATO has warned that it is looking closely at how trusts distribute income and to who. The way in…
The essential 30 June guide
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and…
Company money crackdown
The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for…
The ATO Debt Dilemma
Late last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had…
The Fringe Benefit Tax traps
The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s…
