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Don’t be scared of tax returns – lodge before Halloween deadline DIY tax returns must be lodged by Tuesday 31 October Don’t cut corners or make mistakes – you could miss out Beware of unsolicited offers of last-minute tax help CPA Australia is urging Aussies not to ghost the ATO and ensure they lodge … Continued
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With only a week before the 31 October deadline, the Australian Taxation Office (ATO) is urging those who haven’t already to lodge and finalise their tax return or engage with a registered tax agent to avoid late lodgment penalties. ATO Assistant Commissioner Rob Thomson said more than 9.5 million people have already lodged their returns, but we … Continued
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As announced by the Treasurer yesterday, the Australian Taxation Office (ATO) has secured an additional $6.4 billion in tax revenue from Australia’s largest business and multinational entities for the 2022-23 financial year. ATO Commissioner Chris Jordan said this record high result is a product of the ATO’s vigorous scrutiny and continued compliance intervention into the … Continued
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Related media: https://www.theguardian.com/environment/2023/oct/18/victoria-electric-vehicle-tax-high-court-ruling-could-impact-nsw-wa-western-australia UNSW Business Associate Professor Mark Humphrey-Jenner, School of Economics, UNSW Business School is available to comment. Mark can be reached on his mobile at 0412965340 or by e-mail [email protected]. Professor Richard Holden, School of Economics, UNSW Business School is available to comment. He can be reached on his mobile at 0409446296 or … Continued
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The Tax Practitioners Board (TPB) terminated the registration of Queensland tax agent, Gary Turner and imposed the maximum 5-year ban from reapplying for registration. Mr Turner showed total disregard for the tax profession and the welfare of taxpayers when he allowed unregistered preparers to dodge the registration requirements. He did this by allowing the unregistered … Continued
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The Australian Taxation Office (ATO) is warning businesses to engage with their tax and super obligations to avoid having their debts disclosed to credit reporting agencies. As the ATO shifts back to business-as-usual debt collection, as of July 2023 it has issued Notices of intent to disclose business tax debts to more than 22,000 businesses with a … Continued
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Rejigging the flawed Stage 3 tax cuts would save up to $130 billion over a decade while delivering a bigger slice of the pie to 80% of taxpayers, new Australia Institute research shows. Better Stage 3: Fairer tax cuts for more Australians sets out a clear pathway for the government to deliver Stage 3 tax cuts … Continued
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As the 31 October deadline approaches, the Australian Taxation office (ATO) is reminding people to lodge their returns or engage with a registered tax agent to avoid late lodgment penalties. ATO Assistant Commissioner Rob Thomson said more than 7.9 million people have already lodged their returns, which is about 400,000 less lodgments than this time last year. … Continued
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Benjamin Carter, a Penrith tax agent, has had his registration terminated with the maximum 5-year ban applied from reapplying to the Tax Practitioners Board (TPB) for registration. Mr Carter misappropriated over $20 million in client funds to support his lifestyle and gambling debts. The Tax Practitioners Board (TPB) investigation uncovered that Mr Carter, had breached … Continued
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Tax agent Isaac Brown, from Victoria has had his registration terminated after lodging false business activity statements (BAS) totalling millions of dollars. The termination also includes the maximum 5-year ban from re-applying as a tax practitioner. Investigations revealed Mr Brown, operating as Ausred Accounting, had breached 5 items of the Code of Professional Conduct (Code), … Continued
