by Tony Zhang | May 13, 2022 | News
The ATO is warning the tax community to be on the lookout for dodgy online ads, often on social media platforms that attempt to draw people in with the promise of easy GST refunds. “While these ads may appear legitimate, they’re absolutely not – in fact, it’s fraud,”...
by Tony Zhang | May 13, 2022 | News
The Tax Office is focusing on a variety of benefits that may not necessarily be well known, from COVID vaccination incentives to providing their employees with pets as a working-from-home benefit. The ATO said it expects many employers to have an FBT obligation for...
by Phil King | May 12, 2022 | News
Section 100A audits have become a lottery under the ATO’s draft ruling and there is little comfort in its assurances about retrospectivity, according to one tax law specialist. Differences between the 100A draft issued in February and a 2014 fact sheet meant taxpayers...
by Tony Zhang | May 12, 2022 | News
Single touch payroll (STP) reporting has been expanded. This expansion is known as STP phase 2. The ATO said if you have employees, you will need to start reporting extra information to us each time you run your payroll. “Some digital service providers needed more...
by Tony Zhang | May 12, 2022 | News
A tyre company director has been disqualified from managing corporations for five years after engaging in illegal phoenix activity. ASIC disqualified Robert John Walker of Rosetta, Tasmania, from managing companies for five years for his involvement in four failed...
