by Keeli Cambourne | Aug 11, 2022 | News
The Australian Taxation Office has said all requests for COTD will have to go through the online services for agents (OSfA) and be authorised on the client’s record to do so. The OSfA will give access to copies of income tax returns and notices of assessment for 2010...
by Shared from Accountants Daily | Aug 11, 2022 | News
Figures released by the ATO this week showed myTax lodgements growing fivefold since the app was introduced and 9 per cent in 2019–20 alone, eroding the share of returns done by tax agents from a peak of almost three-quarters in 2013–14 to less than two-thirds. But...
by Shared from BDO Australia | Aug 11, 2022 | Blog
With the finalisation of TD 2022/11, the ATO has withdrawn its previous Taxation Ruling TR 2010/3 and Law Administration Practice Statement PS LA 2010/4, effective 1 July 2022. These provided more concessional treatment of UPEs than for Division 7A loans. As a...
by Keeli Cambourne | Aug 10, 2022 | News
TPB chair Ian Klug said in the next 12 months, the TPB will strive for excellence in itself and the profession it regulates acknowledging the important role the TPB plays in ensuring the public received excellent service from tax professionals. He said the TPB will...
by Keeli Cambourne | Aug 10, 2022 | News
The monthly data for July showed moderate growth in sales, after forecasting last month that there would be a fall of around 0.1 per cent. Instead, the data showed there has actually been a 0.7 per cent increase, above the 0.3 per cent figure from the Australian...
