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Robo-call scams pick up speed this tax time

Robo-call scams pick up speed this tax time

by Shared by Accountants Daily | Aug 19, 2019 | News

Accountants Daily has received a number of anonymous tip-offs regarding clients receiving robo-call scams impersonating the ATO and threatening them with legal action due to “incorrect tax fillings”. Read more at the Accountants Daily. 
$10bn refunded to taxpayers as they rush to lodge

$10bn refunded to taxpayers as they rush to lodge

by Maja Garaca Djurdjevic | Aug 18, 2019 | News

The Australian Taxation Office (ATO) has sent out over 4 million refunds compared with over 3 million refunds issued this time last year, as taxpayers rushed to lodge their taxes following the introduction of personal income tax cuts, under which low and middle-income...
Federal Government reveals timeline to implement its 54 banking royal commission recommendations

Federal Government reveals timeline to implement its 54 banking royal commission recommendations

by Shared by the ABC | Aug 18, 2019 | News

The final report from commissioner Kenneth Hayne made 76 recommendations, 54 of which were directed at the Government, which has been accused of dragging its feet in response to the commission. Read more at the ABC.
Austrac flags tough action after being ‘flooded’ with money laundering breaches

Austrac flags tough action after being ‘flooded’ with money laundering breaches

by Shared by the Age | Aug 18, 2019 | News

Austrac chief executive Nicole Rose said the 2017 case against CBA over its mass breach of anti-money laundering and counter-terrorism financing laws – which resulted in a record fine of $700 million – had triggered a sharp lift in “self-disclosure” from...
Proposed tax debt disclosure set to put an end to ‘unofficial ATO bank’

Proposed tax debt disclosure set to put an end to ‘unofficial ATO bank’

by Shared by the Accountants Daily | Aug 18, 2019 | News

The introduction of Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019 has revived a measure seeking to allow the ATO to disclose business tax debts of over $100,000 to credit reporting bureaus. Read more at the Accountants...
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