Cryptocurrency: record keeping requirements and data matching program
The Commissioner has published a gazette notice setting out the record keeping requirements for cryptocurrency [...]
Ombudsman calls on ATO to cease small business recovery action where tax disputes are before AAT
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has issued a report into the [...]
STP exemptions and deferrals – ATO reminders
With reported unpreparedness for Single Touch Payroll (STP), mainly among small businesses, and with employers [...]
Payment summaries and STP this tax time – taxpayers may need a myGov account
While it is being reported that many businesses are not ready for Single Touch Payroll [...]
Requirement registered to lodge 2019 tax and other returns
The Notice of Requirement to Lodge a Return for Income Year Ended 30 June 2019 [...]
How the ATO identifies wealthy individuals and their businesses
The ATO uses sophisticated data matching and analytic models, drawing on tax returns and referrals [...]
Shortfall penalties reduced under new ATO initiative
The ATO has heard from community and tax professionals that people should have a chance [...]
Rental deductions: ATO audits to double
The ATO has warned that it will increase its scrutiny of rental-related deductions this year. [...]
Instant asset write-off with Budget changes now law
Changes to the instant asset write-off rules have now become law, including measures recently announced [...]
Super guarantee amnesty not yet law, but $100 million recovered
The ATO has recovered around $100 million in unpaid superannuation from employers since the 12-month [...]