Tax

ATO provides clarity on section 99B in new draft guidance

The ATO’s guidance has clarified its approach to section 99B but may require beneficiaries to provide more extensive...

01 August 2024 • By Miranda Brownlee

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Super

SMSF trustee disqualification: A win for the ATO

Following a recent high-profile SMSF trustee disqualification decision involving Billabong Surf Clothing co-founder...

26 July 2024 • By Matthew Burgess, View Legal

Business

DPNs climb to 26.7k as ATO hunts down old debts

Lockdown notices, once rare, have become the Tax Office’s weapon of choice to recoup legacy debts from directors.

26 July 2024 • By Christine Chen

Tax

Self-prepared returns on the rise in latest tax return data

The proportion of agent-prepared tax returns has seen a slight decrease from the same period last year, according to...

26 July 2024 • By Imogen Wilson

Regulation

Veteran accountant stripped of SMSF rights as ATO prevails in AAT

The tribunal has upheld the Tax Office’s decision to disqualify a CPA with over 50 years of experience after he...

25 July 2024 • By Christine Chen

Business

Man alleges ATO forced resignation amid ‘doomed’ murder charges

A NSW man whose 18-year career at the ATO came to an end amid a “weak” murder investigation alleged his former...

23 July 2024 • By Imogen Wilson

Tax

‘Bleisure’ travel claims in ATO sights, experts warn

Travellers who mix business and pleasure will face increased scrutiny as the Tax Office cracks down on work-related...

22 July 2024 • By Christine Chen

Tax

Russian couple’s tax bill upheld after $1.6m found in covert ATO audit

A husband and wife challenged default assessments in the AAT and Federal Court claiming unexplained bank transfers...

22 July 2024 • By Christine Chen

Technology

Contractor arrangements attracting closer scrutiny from ATO, revenue offices

CGW Lawyers partner Fletch Heinemann shares some of the critical considerations for businesses engaging contractors...

19 July 2024 • By Robyn Tongol

Tax

ATO’s growing data access ‘alarming’, says TaxTank CEO

The software firm founder has raised serious concerns about the ATO's access to private taxpayer information.

19 July 2024 • By Imogen Wilson

Business

Liquidator hits 5 decades in the industry

Hall Chadwick partner John Vouris has marked 50 years as an insolvency practitioner since starting in 1974, making him...

16 July 2024 • By Imogen Wilson

Technology

ATO software bugs revived false on-hold debts, documents show

Internal memos show faults in the Tax Office’s automated systems affected over 600 taxpayers and led to 1,083 wrong...

12 July 2024 • By Christine Chen

Business

ATO to crack down on Amazon, eBay sellers’ tax affairs

The Tax Office will receive details of accounts that make over $12,000 a year to identify hobbyists-turned-businesses...

11 July 2024 • By Christine Chen

Regulation

ATO and Lunar seize over $6m of illicit tobacco in West Victoria

The ATO and detectives from Taskforce Lunar have seized 3.3 tonnes of illicit tobacco, over $170,000 cash, and 11...

10 July 2024 • By Imogen Wilson

Regulation

ATO emphasises cyber hygiene during tax time

The ATO has reminded businesses to secure their online platforms, systems, and processes to prevent cyber attacks...

10 July 2024 • By Imogen Wilson

Business

ATO hands NFPs 5-month extension to lodge self-reviews

The Tax Office has extended the October deadline to March 2025 amid concerns over the sector’s ability to meet the new...

09 July 2024 • By Christine Chen

Super

ATO flags important super changes for FY25

The ATO is reminding taxpayers of important changes that will impact their superannuation from 1 July.

09 July 2024 • By Imogen Wilson

Business

ATO teams up with private sector in anti-scam fight

The Tax Office has become the first government agency to join the Australian Financial Crimes Exchange.

08 July 2024 • By Christine Chen