by Keeli Cambourne | Aug 10, 2022 | News
In its latest update, the ATO advised that the STP system for 2022 is progressing well and that contact centres are meeting 90 per cent of their service standards. Its focus this tax year has been on communicating to customers how to correctly claim for deductions,...
by Shared from Accountants Daily | Aug 10, 2022 | News
She said many SMEs owing money to the ATO were carrying six-figure debts – with some above $1 million – and many were surprised by director penalty notices because they were already making payments. Olga Koskie of Melbourne-based Tax Assure said the mood had changed...
by Shared from The Adviser | Aug 10, 2022 | News
While the ATO’s “preferred approach” is always to work with taxpayers to resolve their situation through engagement rather than enforcement, the government body said where taxpayers don’t engage, “the ATO is taking firmer actions”. These actions include garnishees,...
by Keeli Cambourne | Aug 9, 2022 | News
Increasing prices, increased demand and continued hiring were hallmarks of the report indicating the economy was still running hot. The latest NAB Monthly Business Report showed that business confidence rose back above average and conditions strengthened in July as...
by Keeli Cambourne | Aug 9, 2022 | News
The ABS data showed that household spending rose 10.2 per cent in June 2022, compared to the same time last year. Jacqui Vitas, head of macro-economic statistics at the ABS, said this was the 16th consecutive month of through-the-year increases in total household...
