ATO's DO-IT amnesty comes to an end 19th December Project DO-IT (Disclose Offshore Income Today) is an ATO initiative that is coming to an end on the 19th December 2014.... read more →
This article is aimed at small business owners and illustrates how keeping good tax records can save time and money, and ultimately contribute to the profitability of the business. It... read more →
A recently announced ATO initiative will target individuals who are falsely claiming an exemption on the Medicare levy. Using metadata matching technology, the ATO will aim to ensure that individuals... read more →
The ATO has made its final ruling on the application of Division 7A to relationship breakdowns. If a private company is ordered by the family court to make a payment... read more →
As personal technology devices such as laptops, smartphones and tablets, are becoming increasingly prevalent, the ATO will be focusing its attention on individuals claiming personal technology as work-related tax deductions.... read more →
From 1 July 2014 a number of Australian businesses will have their PAYG withholding cycles changed, based on the amount of PAYG withheld by the ABN in the 2012-13 financial... read more →
Refund fraud occurs when people deliberately falsify tax returns, activity statements and other documents to claim refunds, rebates or offsets from the ATO that they are not entitled to. These... read more →
The ATO has received additional Government funding to continue their focus on improving the voluntary compliance of wealthy Australians until 30 June 2017. The ATO began focusing on wealthy Australians... read more →
The ATO is increasing its audit focus on businesses that use contractors. It is essential that employers, employees and contractors know the difference between a contractor and an employee. It... read more →
Employers who are not meeting their super obligations may lose the tax deduction they would normally receive for super contributions. They will also have to pay a superannuation guarantee charge... read more →