Future direction of the ATO
The Commissioner of Taxation, Chris Jordan, spoke recently at a conference about what’s in store for the ATO including upcoming …
Data-matching: Medicare Exemption Statement
As the year draws to an end, the ATO has extended another data-matching program, this time into the Medicare Exemption …
Directors of private companies: tax return lodgment
As tax time 2021 draws to a close, the ATO has issued a reminder specifically to directors of private companies. …
Directors of private companies: tax return lodgment Read More »
ATO scrutinising gifts or loans from overseas
The ATO has recently issued alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related overseas …
Selling property: don’t forget the clearance certificate
With spring weather warming up and Australian property market still running hot in all States and Territories, if you’re thinking …
Selling property: don’t forget the clearance certificate Read More »
Tax time 2021: rental property pitfalls
Rental property owners beware, this tax time, the ATO will be expanding the rental income data collected directly from third-party …
Are State/Territory COVID-19 grants assessable?
After another challenging year, businesses may be wondering whether the amounts they’ve received from governments as various COVID-19 recovery grants …
New sharing economy reporting regime proposed
As the sharing economy becomes more prevalent and fundamentally reshapes many sectors of the economy, the government is scrambling to …
Get ready for tax time 2021
While the ATO annual statistics releases are usually quite dry and technical, it does give a nice insight into why …
Using the margin scheme on property sales
With the property market booming despite low wage growth and the after effects of the pandemic, many developers are getting …