Rob Heferen’s first ATO corporate plan: “Increased focus” on businesses debts and a new SME blueprint
The Australian Taxation Office is pledging an "increased focus" on lingering business debts while preparing a new, multi-year program to improve small business tax performance.
The 2023-2024 tax season, by the numbers
We collate a handful of the key figures related to personal and business tax returns, and some of the more esoteric figures linked to the new financial year.
ATO reducing tax refund SMS messages after scam onslaught
The ATO will no longer send an SMS message to taxpayers to inform them their tax return has been processed, as the rising tide of fraudulent messages makes it difficult to discern real communications from costly scams.
Why you shouldn’t rely on TikTok ‘hacks’ to maximise your tax refund from the ATO
For many people, a tax refund is a much-anticipated lump sum of money. So, it is understandable Australians will be looking for ways to maximise their returns – particularly since we are in a cost of living crisis.
How SMEs can avoid receiving a call from the ATO
The ATO uses data-driven profiles to identify anomalies, so it’s essential to maintain accurate records and provide evidence to support all claims.
ATO reveals focus on WFH deductions, rental errors, and incomplete income this tax time
Dodgy work-from-home deductions, rental property errors, and miscalculated income continue to vex the Australian Taxation Office, which has warned taxpayers to pay special attention to this year's claims.
“Serious consequences”: ATO sounds warning on early super access as cost of living pressures bite
As cost of living pressures push Australians to make tough financial decisions, the tax office has issued a new fact sheet reminding superannuation fund members -- and self-managed super fund (SMSF) trustees -- that unauthorised early access to super is illegal.
Massive tax consequences coming for 42,000 small businesses ‘disengaged’ from ATO
More than 42,000 small businesses are reportedly "disengaged" from the Australian Taxation Office, risking massive consequences when overdue payment rules change in 2025.
Australia’s regulatory super-squad says it wants to be friend, not foe, to SMEs
It felt like something out of a superhero movie, but Australia’s top tax and corporate regulators didn’t meet on Thursday to challenge a global villain or alien threat.
ATO ‘robotax’ debt recovery letters prompt new guidelines from government watchdogs
The ATO said it is committed to improving its communications to taxpayers about debt using the guidelines provided by the Ombudsman and Inspector-General.
ATO goes after $29.8 million owed by tax advisers
ATO officers have identified $29.8 million in liabilities from engagements with tax advisers who have failed to keep their affairs in order.
Atlassian commits to Australian IP retention in landmark $92 million settlement with ATO
Software giant Atlassian has settled a $92 million tax dispute with the ATO and has promised to keep its IP in Australia.
