By API User
The Australian Taxation Office (ATO) is encouraging taxpayers to take advantage of the range of support services available to the community during tax time. ATO Assistant Commissioner Rob Thomson encouraged the community to reach out for help and assistance in managing their tax affairs if needed. ‘The ATO’s priority is assisting taxpayers to get their … Continued
By API User
Today, officers from the Australian Taxation Office (ATO), Australian Federal Police (AFP) and Services Australia executed search warrants at four properties across Western Sydney associated with individuals allegedly involved in an identity, tax and welfare fraud syndicate targeting innocent Australians. The ATO-led operation, which commenced in October 2024, has identified four individuals who are alleged … Continued
By API User
CRIME PAYS UNDER LABOR Government lets 57,000 fraudsters profit; $2b missing The Federal Labor government has failed to collect $2b in fraudulently claimed GST refunds, and has left almost 57,000 criminals unpunished, according to last night’s episode of Four Corners, broadcast by the ABC. The Four Corners investigation revealed that tens of thousands of individuals exploited weaknesses in … Continued
By API User
The Australian Taxation Office (ATO) is sending a clear message to businesses considering committing GST fraud, making dishonest claims and falsifying invoices. Assistant Commissioner Adam O’Grady said the fraud is currently predominantly within the property and construction industry. We’ve also identified early signs of it proliferating in other industries, particularly by privately owned and wealthy … Continued
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The Australian Taxation Office (ATO) is advising it is time to lodge, as most taxpayers with simple affairs will now have their information pre-filled into their accounts. Assistant Commissioner Rob Thomson said that the ATO had completed pre-fill of over 91 million pieces of information available for individual tax returns from employers, banks, government agencies and … Continued
By API User
A new McKell Institute paper, co-authored by Professor Richard Holden and McKell CEO Edward Cavanough, is calling for a major shake up of capital gains tax via a ‘circuit breaker’ proposal to the stalled national housing debate. Instead of simply increasing or decreasing the CGT discount, the paper takes a more nuanced approach: … Continued
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As millions of Australians are preparing to lodge their tax returns, scammers are actively seeking new ways to exploit personal information. If successful, they can use stolen details not only to commit fraud against the Australian Taxation Office (ATO), but also carry out broader identity theft and financial crimes across the community. The … Continued
By API User
The Australian Taxation Office’s (ATO) hunt for GST fraudsters continues as four more individuals are sentenced following action of Operation Protego. These recent sentencings reinforce the ATO’s unwavering commitment in investigating and holding all offenders to account. ATO Deputy Commissioner and Serious Financial Crime Taskforce (SFCT) Chief John Ford said the ATO’s ability to detect and halt … Continued
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The Tax Practitioners Board (TPB) has terminated the registration of tax agent, William Gage of Sydney, following an extensive investigation into his conduct. Mr Gage is no longer able to provide tax agent services and is banned from reapplying for registration for a period of 3 years. The TPB determined Mr Gage’s behaviour breached the … Continued
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As Australians look to get the most from their 2024-25 tax returns amid cost-of-living pressures, NALSPA said many workers may be missing out on salary packaging to potentially reduce their tax bill by thousands of dollars every year. National Automotive Leasing and Salary Packaging Association (NALSPA) CEO Rohan Martin said it was a good … Continued
