Tax

Tax

What to tell your foreign worker about tax

If you plan to bring overseas employees to Australia, there are crucial tax and residency issues.

08 July 2022 • By John Marcarian

more from tax

Tax

ATO awards itself green ticks for performance

Self-imposed targets suggest an overall pass mark, although on some metrics it has gone backwards.

05 July 2022 • By Philip King

Tax

Profit motive puts crypto trades on revenue account

Most people buying digital currencies target gains from selling, which means they qualify as commercial transactions...

02 July 2022 • By John Jeffreys

Tax

Jump-the-gun tax returns ‘at high risk of adjustment’

The ATO says failing to wait for prefill data doubles the chance of changes later.

01 July 2022 • By Philip King

Tax

ATO begins chasing taxpayers with overdue payments and returns

Tax practitioners warned that “strongly worded” letters are on the way to non-complying clients.

30 June 2022 • By Philip King

Tax

If you asset wash you’ll wear it, warns ATO

The office says creating artificial losses through last-minute crypto and share sales will show up in its data analysis.

29 June 2022 • By Philip King

Tax

Car allowance increase ‘welcome news’

Professional accounting bodies have backed an increase to the cents-per-kilometre deduction rate for car expenses...

28 June 2022 • By Emma Musgrave

Tax

ATO flags early release concerns with lapsed lodgers

New ATO data indicates that there are currently over 138,000 lapsed lodgers with one or more outstanding SMSF returns.

28 June 2022 • By Miranda Brownlee