Small business income tax gap: ATO update
New figures released by the ATO estimate that almost 90% of income tax from small [...]
Personal services income rules: unrelated clients test
The Federal Court has set aside an Administrative Appeal Tribunal decision that income a business [...]
Compassionate release of super only available in limited cases
The ATO has recently seen a significant increase in queries about compassionate release of super [...]
ATO superannuation focus areas
Lost super As at July 2019, the ATO held 5.39 million super accounts worth $3.98 [...]
Disclosing business tax debt information: ATO consultation
In its Mid-Year Economic and Fiscal Outlook in 2016–2017, the government announced it would change [...]
ATO contacting small employers about Single Touch Payroll
From 1 July 2018, employers with more than 20 employees have been required to provide [...]
Tax time updates
ATO has refunded $10 billion so far The ATO says that $10 billion has been refunded [...]
Warning to watch out for myGov and ATO tax scams
The government’s Stay Smart Online website warns there has been a surge in scammers impersonating [...]
Reasonable travel and overtime meal allowance amounts for 2019-20
Taxation Determination TD 2019/11, issued on 3 July 2019, sets out the amounts the Commissioner [...]
Super downsizer contributions reach $1 billion: Minister
The Assistant Treasurer, Michael Sukkar, has announced that older Australians downsizing from their family homes [...]