The ATO has released its draft protocol to guide taxpayers and their advisors when making Legal Professional Privilege claims to the regulator.
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Tax Manager / Director Posts
Pandora Papers released: ATO to investigate for Australian links
The ATO is investigating details of offshore tax planning activities contained in the so-called “Pandora Papers” released by the ICIJ.
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NSW COVID-19 JobSaver changes: more businesses, increased payment
The NSW Government has announced changes to key support measure, the JobSaver package, for businesses impacted by the ongoing lockdown.
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COVID-19 Disaster Support Payment boosted: PM and Treasurer
Increased financial support for workers in New South Wales is now available as part of the expanded national COVID-19 Disaster Payment, the government announced.
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Cryptocurrency taxation myths: time for a reality check
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 Budget snapshot
This year’s Budget was dominated by spending measures directed toward social programs, with only a few, very specific, tax changes.
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Downsizer in-specie contributions confirmed by ATO
The ATO has confirmed to the SMSF Association that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied.
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Voluntary JobKeeper repayments – deductible? The ATO response
In response to the decision by some prominent Australian businesses to return their JobKeeper payments, the ATO says that a voluntary repayment will be deductible “in limited circumstances”.
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Moving away from spreadsheets: 3 ways to automate your tax process
Keep using spreadsheets? Sure, they have their place, but it’s more for certain types of tasks, not necessarily for everything that you’re trying to do.
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Inside AML: How Australia’s banks joined forces to break open a “cuckoo smurfing” syndicate
Australia’s world-leading Fintel Alliance has secured a major win in the fight against organised financial crime, after teaming up with state police for a “week of action” on cuckoo smurfing.
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