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Tax & Compliance

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‘Expect to be reviewed’: ATO sends warning to cash-flow boost rorters The Tax Office says businesses that made significant changes to their wages in order to obtain a higher amount of the cash flow boost can expect their claims to be revisi...
‘Not all tax measures are created equal’: Tax reform debate should consider equality As the Australian economy rebounds from the impacts of COVID-19, conversations surrounding tax reform should consider their “shape”, not just their “size”, to pre...
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Western Sydney man charged for role in $20m fraud A 24-year-old man from Western Sydney has become the 13th person to be charged in relation to a deceptive $20 million payroll fraud and money laundering operation steered...
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COVID-19 payments to individuals, businesses to be tax-free under law change COVID-19 support payments received by individuals and businesses are set to be treated as non-assessable non-exempt income following the introduction of new legislation i...
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ATO faces pressure over 85% lodgement benchmark review Tax agents are calling on the Inspector-General of Taxation to review the ATO’s administration of the 85 per cent on-time lodgement benchmark after the results of a new...
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ATO cracks down on property investors as errors creep up The ATO has sent a warning to property investors this tax time after it found rental income and deduction errors in more than 70 per cent of tax returns audited last year...
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Maptek founder accused of $38.5m tax fraud The 74-year-old Adelaide-based mining tech entrepreneur has been charged with hiding overseas assets over 15 years to avoid $38.5 million in income tax. Write com...
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COVID-19 disaster payments to be tax-free: Prime Minister Scott Morrison Prime Minister Scott Morrison has declared that COVID-19 disaster payments will now be tax-free, a policy change that will have ramifications for accountants and their cl...
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ATO urged to reintroduce work-from-home shortcut As workers across the country are forced to continue working from home, the ATO should reintroduce the working-from-home temporary shortcut method, says one mid-tier firm...
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$5.3bn in tax refunds begin to flow from the ATO Over $5.3 billion in tax refunds have now been paid out by the ATO, less than a month into tax time. Write comment (0 Comments) ...
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Labor U-turns on negative gearing, CGT deductions After six years, federal Labor has decided to drop policies that look to curb negative gearing and capital gains tax deductions heading into the next election, along with...
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