by Philip King | May 10, 2022 | News
Lifestyles out of sync with after-tax income are among a range of behaviours by wealthy individuals that will raise a red flag, the ATO said in a revised list of trigger warnings. The ATO web page, “What attracts our attention”, also cited large or unusual...
by Robyn Jacobson, The Tax Institute | May 8, 2022 | Blog
The ATO’s increased activity on outstanding tax lodgments and payments is apparent. Various options are available to taxpayers and tax and BAS agents when it comes to managing your obligations. This article considers the assistance that is available when taxpayers are...
by Keeli Cambourne | May 8, 2022 | News
The ATO said there has been an increase in GST fraud and it will take strong action, to respond to significant fraud involving participants inventing fake businesses to claim false refunds. Sophisticated risk models deployed by the ATO, coupled with intelligence...
by Keeli Cambourne | May 8, 2022 | News
National Farmers’ Federation chief executive Tony Mahar said the small-business instant asset write-off was a stroke of genius by the current government when introduced along with dedicated provisions for agriculture in 2015. “Farmers must have certainty about its...
by Keeli Cambourne | May 8, 2022 | News
The online tool asks business owners a short series of questions to help identify which funding they can access. It takes about two minutes to complete and asks questions about the size, type and financial situation of businesses. Once completed, business owners are...
