Phoenix activity sting marked by public examination

Phoenix activity sting marked by public examination

The ATO said the examination into a group of entities connected to Philip Whiteman will look at the suspected promotion and facilitation of phoenix activities and tax schemes.More than 45 service providers, clients and employees of these advisors, and alleged ‘dummy...
ASIC industry funding model info deadline looms

ASIC industry funding model info deadline looms

Affected firms must submit or confirm pre-populated business activity metric data on the operation of their business from the previous financial year through ASIC’s online regulatory portal before 27 September.ASIC has already sent out a letter to the registered...
Accountants abroad?

Accountants abroad?

In March this year, the government completely axed its Temporary Work (Skilled) visa, more popularly known as the 457 visa and replaced it with the new Temporary Skill Shortage (TSS) visa. When Prime Minister Malcolm Turnbull announced the changes almost a year...
ATO puts car sharing income in its sights

ATO puts car sharing income in its sights

ATO assistant commissioner Kath Anderson said in a statement that it’s important for taxpayers to include car sharing in their tax returns no matter how little they earn through the activity. “It’s no different to anyone else renting out an asset, like a house or a...