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Assuming lead is required, the following 1203 results were found.

  1. ATO to ramp up scrutiny of $20K tax break use

    can result in follow-up contact,” Mr Croker said. “Spending leaves a data trail, and the ATO expects that trail to lead to bona fide business activity. Few appreciate the huge amount of data the ATO collects to monitor business spending patterns.” CA...

  2. ATO to lead two new crime taskforces

    The tax office will lead two newly-prescribed taskforces set up to combat threats from phoenix businesses and the misuse of trust structures. Acting ATO deputy commissioner Will Day welcomed the ATO's role in the taskforce, saying phoenix activity...

  3. ATO to home in on incorrect tax residency claims

    is a key risk in the privately owned and wealthy group market,” the Tax Office said. “Incorrect residency disclosures may lead to other tax risks, which may present for the taxpayers and their wider group.” It was also noted that additional risks may...

  4. ATO tells accountants to caution clients of scammers 

    head over heels for a scammer”. The ATO is telling accountants to ensure their clients are aware of possible scammers in the leadup to tax time. The Tax Office said ensuring clients know of the warning signs was crucial to avoid them “falling...

  5. ATO tax governance scrutiny driving corporate transformation

    says Thomson Reuters. With the Tax Office changing its approach to engaging with businesses, Thomson Reuters regional lead for strategic alliances and global firms, Hydar Al Ammar, said that he has seen businesses begin to reach out to better understand...

  6. ATO takes aim at ‘reckless’ claims of legal privilege

    withheld from the ATO. “Reckless LPP claims over non-privileged documents unduly hinder ATO investigations and lead to extended disputes about information gathering, instead of focusing on the resolution of the substantive issue,” she said. “These...

  7. ATO stands by ruling despite gym deduction win

    a high degree of anaerobic fitness (that is, a degree of muscle strength sufficient to control a large German shepherd on a lead in a volatile situation) and a high degree of aerobic fitness (that is, a degree of speed and agility sufficient to enable...

  8. ATO slammed over ‘soul-destroying’ fraud allegations

    to have that changed even with compelling evidence and a compelling case. You can see that the way the cases unfold can lead to very unfair outcomes that may not be correct.” In contrast, in cases of tax avoidance — a less serious finding — a taxpayer...

  9. ATO set for increased audits, debt crackdown

    take on the increased number of audits for inbound funding arrangements in the very near future,” said Zara Ritchie, global lead, transfer pricing, BDO. “The loss of the appeal and the case as a whole highlight the Australian courts’ view that the arm’s...

  10. ATO reins in early access to super tax schemes

    The ATO’s guidance also leans towards a pragmatic approach to fast-moving scenarios encountered by taxpayers that may lead them to withdraw and re-contribute their super. “We understand that these are uncertain times and people’s circumstances change,...

  11. ATO readies for ramped-up myGovID push

    more under way; we are looking at a public release sometime in October,” said Claire Miller, ATO’s digital program delivery lead. MyGovID is currently available for download from Apple’s App Store for iPhone 6 and above, with the Android version set to...

  12. ATO raids 'phoenix' businesses

    debts and the non-supply of purchased goods and services. In March, AccountantsDaily reported the ATO had been appointed to lead a newly-prescribed taskforce set up to combat the threats from phoenix businesses. These raids were conducted as part of...

    • Type: Article
    • Author: Michael Masterman
    • Category: Business
  13. ATO pursues $850m in fraudulent GST claims

    seeking an unearned refund.” Mr Day said deliberate attempts to defraud the ATO or a refusal to organise repayments would lead to tougher actions, including criminal sanctions. The ATO said anyone who had engaged in the fraud should call the ATO’s...

  14. ATO promises 12-day turnaround on error-free returns

    But common mistakes will lead to longer processing times, it says. The ATO has pledged to process most electronically lodged tax returns within 12 business days, but said delays are being caused by common mistakes. Tax agents and their clients needed...

  15. ATO practice statement lays down law on illegal early release perpetrators

    in the term ‘likely to result’, which provides the ATO with the very broad powers to crack down on activities that might lead to the illegal release of superannuation benefits, even if no withdrawal has been made,” she said. “This means that merely...

    • Type: Article
    • Author: Keeli Cambourne
    • Category: Tax
  16. ATO plans SMSF registration revamp

    of the ATO’s “reinvention” program, the regulator is looking to address the processes around SMSF registration that can lead to unnecessary hold-ups, ATO assistant commissioner Kasey Macfarlane told SMSF Adviser. “Currently a lot of things go on in the...

  17. ATO penalty disclosures criticised with comparisons drawn to the robo-debt scandal

    The way the ATO is currently dealing with SMSF compliance breaches is extremely distressing to trustees and could lead to mental health issues similar to the Centrelink robo-debt scandal, according to a leading SMSF auditor. Tactical Super director...

  18. ATO flags priority areas for Next 5,000 reviews for 2025

    One area the ATO is targeting with its reviews is businesses that are experiencing rapid growth, which the ATO said can lead to incorrect reporting if the tax governance framework isn’t fit for purpose for a growing business. The ATO said will also be...

  19. ATO flags common errors emerging from SuperStream rollovers

    errors it has recently received through SuperStream messaging due to missing data and incorrect information, which can lead to inaccurate reporting results for fund members. In a recent update, the ATO said it has recently noticed many error response...

  20. ATO flags alternatives, flexibility for next STP deadline

    to take up payroll to do STP. We’ll be working with industry to look at some alternate reporting mechanisms,” the ATO’s STP lead and Assistant Commissioner, John Shepherd, told Accountants Daily. “That was a learning from the pilot that we did with...