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ATO expands data matching to ensure fair play

By API User

The Australian Taxation Office (ATO) continues to expand its data-matching capability to ensure taxpayers don’t leave out income or inflate deductions this tax time. New data is now rolling into the ATO from property managers, landlord insurance providers, financial institutions providing loans for residential investment properties and sharing economy providers, as well as income protection … Continued

TPB welcomes new Chair

By API User

On 26 May 2023, The Assistant Treasurer, Hon Stephen Jones MP, announced the appointment of, Peter de Cure AM as Chair of the Tax Practitioners Board (TPB). Mr de Cure is a seasoned leader who possesses a wealth of expertise in overseeing the tax practitioner industry’s regulatory affairs. He has served as a member of … Continued

Small businesses given unique opportunity to get back on track with tax

By API User

The Australian Taxation Office (ATO) is encouraging small businesses that have overdue income tax returns, fringe benefits tax returns or business activity statements to take advantage of a new amnesty to get their lodgments back on track. The amnesty was announced in the 2023-24 Budget. It applies to tax obligations that were originally due between … Continued

Vic budget: Are the new taxes affecting the most vulnerable groups?

By API User

Dr Venkat Narayanan, Senior Lecturer in Accounting  Topics: Victorian Budget, payroll tax, land tax, cost-of-living, businesses.   “At a time when most vulnerable people are facing a cost-of-living crisis, increasing taxes in areas where it has a direct or indirect impact on low-to-medium earners is not appropriate.   “There are many opportunities, using tax, to repay … Continued

In the ATO’s sights this tax time

By API User

The Australian Taxation Office (ATO) has today announced its 3 key focus areas for this Tax Time: rental property deductions work-related expenses capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing to prioritise areas where we often see mistakes being made. ‘Within these areas, we have identified common mistakes, and are particularly … Continued

In the ATO’s sights this tax time

By API User

The Australian Taxation Office (ATO) has today announced its 3 key focus areas for this Tax Time: rental property deductions work-related expenses capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing to prioritise areas where we often see mistakes being made. ‘Within these areas, we have identified common mistakes, and are particularly … Continued

In the ATO’s sights this tax time

By API User

The Australian Taxation Office (ATO) has today announced its 3 key focus areas for this Tax Time: rental property deductions work-related expenses capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing to prioritise areas where we often see mistakes being made. ‘Within these areas, we have identified common mistakes, and are particularly … Continued

In the ATO’s sights this tax time

By API User

The Australian Taxation Office (ATO) has today announced its 3 key focus areas for this Tax Time: rental property deductions work-related expenses capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing to prioritise areas where we often see mistakes being made. ‘Within these areas, we have identified common mistakes, and are particularly … Continued

In the ATO’s sights this tax time

By API User

The Australian Taxation Office (ATO) has today announced its 3 key focus areas for this Tax Time: rental property deductions work-related expenses capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing to prioritise areas where we often see mistakes being made. ‘Within these areas, we have identified common mistakes, and are particularly … Continued