The new Labor government has wasted no time in introducing a raft of legislative changes in relation to previously abandoned measures and to implement its various election promises covering businesses, […]
In good news for trustees of SMSFs and after much community consultation, transfer balance account event-based reporting (TBAR) will soon be streamlined for convenience. The current event based reporting framework […]
As a part of a wide-ranging operation to stamp out GST fraud, the ATO initiated Operation Protego in May 2022 in response to intelligence which identified the escalation of suspicious […]
During the 2022 election campaign, Labor announced its Electric Car Discount policy in order to make electric cars cheaper and increase uptake. As a part of the policy, Labor proposed […]
The Australian Securities and Investment Commission (ASIC) has warned small businesses to be alert for payment redirection scams. These scams typically involve scammers impersonating legitimate businesses or their employees and […]
If you run a professional services firm there are many tax issues to consider in the allocation of profits. The ATO is particularly concerned about individual professionals with an ownership […]
Speaking at a conference, Jeremy Hirschhorn, Second Commissioner Client Engagement Group delivered an update on the ATO’s strategic focus areas as well as improvements that the ATO has been making […]
Businesses that have made payments to contractors for certain services in the 2021-22 income year are required to lodge a Taxable Payments Annual Report (TPAR) by 28 August 2022. This […]
Recently, the ATO released a protocol document which contains its recommended approach for identifying communications covered by Legal Professional Privilege (LPP) and making LPP claims. As a part of ATO’s […]
With COVID-19 lockdowns and restrictions in the rear-view mirrors of most of the country, the ATO is also beginning to resume normal compliance activity levels. One of the many areas […]
