On 15 October 2020, the Australian Taxation Office (ATO) released Practice Statement Law Administration PSLA 2020/3 to guide its staff on how to apply administrative penalties imposed on Self Managed Superannuation Fund (SMSF) trustees under subsection 166(1) of the...
5 February 2021 STP phase 2 commencement to be delayedA legislative instrument will issue soon around the implementation of single-touch payroll (STP) phase 2. The major change from previous announcements is the start date will now be 1 January 2022 (previously 1 July...
2 December 2019 The ATO is set to cancel inactive ABNs to ensure the integrity of information held on the Australian Business Register. To help the ATO determine if an ABN is inactive, they will be examining information gathered from tax returns and other lodgments,...
5 August 2019 The Australian Taxation Office (ATO) has announced it will be conducting visits to approx 700 small businesses throughout August in the following areas: Broome, Cable Beach, Derby and Kununurra. The visits are part of the ATO’s crackdown on...
17 July 2019 As tax time rolls around again, it’s important to understand what you need to declare as income, and what you can claim as tax deductions. Below is a list of items that you may need to consider, depending on your individual circumstances. Income...
Recent Comments