Cryptocurrency is no longer confined to the fringe of organised crime and tech companies. The age of ‘digital currency’ has well and truly arrived and many Australians have taken to investing in crypto. Tax myths abound and not surprisingly, regulators worldwide, including the ATO, are on the case.
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2021 Simplified Transfer Pricing Record-Keeping update
The ATO’s “Simplified Transfer Pricing Record-Keeping” options allow qualifying entities to opt out of Australia’s full transfer pricing requirements.
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ATO using its access powers to assist with challenging legal professional privilege
CUB Australia Holding Pty Ltd v FCT [2021] FCA 43 marks the first addition to the body of case law regarding legal professional privilege (LPP) for 2021
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WEBINAR: CAR/SAR Assurance Reviews Webinar: Live Q&A! How will you prepare for an ATO review?
How will you prepare for an ATO CAR/SAR review? Let the ATO’s leading specialists answer your pressing questions!
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Corporate tax compliance expectations post-COVID: ATO speech
The ATO has reminded company executives to consider the potential reputational impact from their tax decisions in a post-COVID world.
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Guide: How to Balance Growth and Regulation Through Uncertainty
In the midst of the heightened regulatory environment, global tax and legal advisers would be wise to proceed nimbly, but smart.
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Time to review long-held practices for directors’ fees
The changing requirements for reporting directors’ fees have intersected with COVID-19 economic stimulus measures, activity statement reporting and Services Australia increasing potential compliance risks. Several issues have arisen which demand attention.
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