Tax News That Matters - For Individuals and Small Business
ATO guidance update: debt relief, waiver and non-pursuit
Updated ATO guidance: debt relief, waiver and non-pursuit of tax debts Tax related debts are sometimes ignored by those struggling
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Current compliance issues in the SMSF space
Current compliance issues in the SMSF space The SMSF space has always been a complex area for trustees, beneficiaries, and
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Allocation of professional services firm profits: new ATO guidelines from 1 July 2022
New ATO guidelines for allocation of professional services firm profits If you run a professional services firm there are many
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Single Touch Payroll (STP): Phase 2
STP Phase 2 Single touch payroll (STP) has now entered Phase 2, although most employers may not yet be reporting
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More ATO action on SGC non-compliance
ANAO report recommends more ATO action on SGC non-compliance The Australian National Audit Office (ANAO) has recently issued a report
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GST fraud: Operation Protego
GST refund fraud scheme The ATO has lifted the lid on its most recent operation to stamp out GST fraud:
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Tax time 2022
Tax focus areas for 2022 Tax time 2022 is fast approaching, and this financial year, the ATO will again be
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AAT to get more powers to help small business
AAT potential powers to suspend or modify ATO debt recovery action Small businesses engaged in taxation disputes with the ATO
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Natural love and affection: Commercial debt forgiveness
Only a natural person can forgive a debt for natural love and affection Whether or not you have to be
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More powers for the ATO?
ATO phone taps? The ATO has been variously described in the media as one of the most powerful institutions in
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ATO concerns on luxury car tax
ATO concerned about luxury car tax arrangements Taxpayer alert on luxury car tax The ATO has issued a taxpayer alert
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ATO medium and emerging private groups program
Medium and emerging private groups tax performance program The ATO is continuing to run the medium and emerging private groups
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ATO scrutinising overseas gifts and loans
ATO scrutinising gifts and loans from oveseas Disguised offshore income & gains Taxpayers that have received gifts or loans from
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ATO data matching program extended for lifestyle assets
Lifestyle assets under the ATO’s microscope Even among the doom and gloom of the pandemic lockdowns, the ATO continues to
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