The ATO hits the road

Scott Robertson - Tuesday, July 09, 2019

The ATO plans to visit almost 10,000 businesses this financial year in all States and Territories, across a variety of industries, as part of their strategy to deal with the black economy (they visited nearly 9,000 businesses in the 2018/19 financial year). According to Assistant Commissio ..

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Tax time tips for small business

Scott Robertson - Thursday, July 26, 2018

The ATO claims that it is committed to supporting small businesses and making it as easy as possible for them to understand and meet their tax obligations at tax time. Consequently, Assistant Commissioner Mathew Umina has some tips to help small business in the lead up to and during tax ti ..

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ATO warning regarding work-related expense claims for 2017

Scott Robertson - Wednesday, August 09, 2017

The ATO is increasing attention, scrutiny and education on work-related expenses (WREs) this tax time. Assistant Commissioner Kath Anderson said: “We have seen claims for clothing and laundry expenses increase around 20% over the last five years. While this increase isn’t a sign that all o ..

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ATO Data Matching Programs Activated

Scott Robertson - Friday, February 03, 2017

The ATO has announced that it will be undertaking the following two data matching programs. Ride Sourcing data matching program The Ride Sourcing (E.g. Uber) data matching program has been developed to address the compliance risk of the registration, lodgement and reporting of busines ..

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ATO Exposes Dodgy Deductions

Scott Robertson - Friday, September 02, 2016

With over eight million Australians claiming work-related expenses each year, the ATO is reminding people to make sure they get their deductions right this tax time. Assistant Commissioner Graham Whyte said that, in 2014/15, the ATO conducted around 450,000 reviews and audits of individual tax ..

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SuperStream Deadline Extended!

Scott Robertson - Friday, July 08, 2016

With only days to go until the 30 June SuperStream deadline, the ATO noted that, while many small businesses had implemented the required changes, "some small businesses may need extra time and help to become SuperStream compliant". The ATO has announced that for small businesses that are n ..

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ATO warns over-claiming is easier to detect than ever

Scott Robertson - Thursday, July 16, 2015

In relation to 2014/15 individual income tax returns to be lodged this year, the ATO says it will be focusing on: Unusually high work-related expense claims across all industries and occupations Expenses claimed that have already been reimbursed by employers Claims for private expenses such as ..

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Family court documents opened up to Tax Office

- Thursday, June 05, 2014

In a recent and possibly disturbing case for many taxpayers, the ATO has been able to gain access to family court documents in relation to a taxpayer who was already under investigation. Facts A husband and wife were parties to proceedings in the Family Court of Australia which were dism ..

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Contractor/Council Data Matching Program

Scott Robertson - Wednesday, March 12, 2014

The ATO has advised that it will acquire details of approximately 20,500 individuals providing contractor services to local government authorities in the 2010/11 and 2011/12 financial years from various local government Council and Shire authorities throughout: Queensland; Tasmania; New  ..

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Super Update From The ATO

Scott Robertson - Friday, March 07, 2014

Some SMSF statistics As at 30 September 2013, there were over 516,000 SMSFs holding around $531 billion in assets. Although SMSFs are nearing one million SMSF members (980,000), or 8% of the 11.6 million members of Australian super funds, they account for 31% of the $1.6 trillion total supe ..

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