By API User
How Fringe Benefits Tax (FBT) impacts your work Christmas party Any gift costing more than $300 attracts a tax rate of 47% Why your company won’t be paying for your taxi ride home If you’re left feeling a tad underwhelmed by your manager’s Christmas gift or the work Christmas party, they may not be the … Continued
By API User
New data released by the Australian Taxation Office (ATO) reveals more than $1.13 billion in super guarantee charge (SGC) liabilities were raised through superannuation guarantee (SG) disclosures and ATO compliance action during the 2022-23 financial year. The ATO has recouped and distributed $683.8 million of super entitlements to super funds and individuals, a direct boost to Australians’ … Continued
By API User
The Australian Taxation Office (ATO) has published the ninth annual Corporate Tax Transparency (CTT) report revealing large corporates paid a record $83.8 billion in income tax in 2021-22. The 2021-22 report includes data from 2,713 entities, a net increase of 245 entities, who paid a cumulative total of $83.8b in income tax, which is up … Continued
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The Commissioner of Taxation has lodged an application in the Federal Court seeking orders for the imposition of a civil penalty under the Promoter Penalty Legislation. The Commissioner will allege a former Ernst & Young (EY) tax partner, promoted a tax exploitation scheme. As the matter is before the courts and no findings have been … Continued
By API User
A Wollongong woman was recently sentenced in the Port Kembla Local Court to 1 year and 8 months imprisonment after attempting to obtain more than $250,000 in fraudulent GST refunds. This is the latest result of extensive efforts under an Australian Taxation Office (ATO)-led investigation, Operation Protego, which was initiated in response to widespread GST … Continued
By API User
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 their tax returns by the Halloween deadline. “Failing to lodge … Continued
By API User
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 their tax returns by the Halloween deadline. “Failing to lodge … Continued
By API User
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
By API User
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
By API User
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
