Accounting October 2022 Federal Budget Report: Powered by Weekly Tax Bulletin October 26, 2022 Unpack all the detail of the October 2022 Federal Budget in this free report, powered by Weekly Tax Bulletin. Download your copy now. Read more
Risk and Compliance Pandora Papers released: ATO to investigate for Australian links October 12, 2021 The ATO is investigating details of offshore tax planning activities contained in the so-called “Pandora Papers” released by the ICIJ. Read more
Risk and Compliance Cryptocurrency taxation myths: time for a reality check August 3, 2021 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. Read more
SMSF Downsizer in-specie contributions confirmed by ATO May 5, 2021 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. Read more
Audit Section 100A: why so much attention? May 5, 2021 One of the areas of particular interest to the ATO is s 100 of the ITAA 1936. This article looks at what s 100 is, why it has garnered significant attention in recent years, and respective guidance for tax advisors. Read more
ATO Practical compliance guidelines for employee travel: Practically perfect? April 7, 2021 This article considers whether the ATO’s Practical compliance guideline for employee travel is the silver bullet employers were seeking. Read more
ATO Voluntary JobKeeper repayments – deductible? The ATO response April 7, 2021 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”. Read more
ATO Decision in asset betterment case sent back to AAT: Le v FCT April 7, 2021 The Federal Court has held that the AAT should hear again a case involving assets betterment assessments. Read more
Research and Commentary ATO using its access powers to assist with challenging legal professional privilege February 24, 2021 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 Read more
ATO ATO data-matching for motor vehicle registrations February 5, 2021 The ATO has gazetted a Notice which will enable it to acquire motor vehicle registry data from State and Territory motor vehicle registry authorities for the period 2019-20 to 2021-22. Read more