From unpaid super to GST fraud: ATO’s debt collection priorities revealed
The ATO currently has about $50 billion worth of collectible debt, which is the highest it's ever been. It’s an 89% increase on pre-COVID figures.
ATO urges accountants to double-check R&D tax incentive claims
The ATO is urging accountants and consultants to review their clients' R&D Tax Incentive claims, after identifying potentially costly errors in claims made under the multi-billion dollar scheme.
ATO taskforce recovers billions from big business tax avoiders
The Australian Taxation Office’s Tax Avoidance Taskforce helped generate an additional $7.6 billion in revenue during the 2022-23 financial year.
Company director hit with $53,000 DPN nearly a year after business deregistration
The Australian Taxation Office should clarify its legacy debt collection strategy, an insolvency practitioner says, after the tax office levelled a director penalty notice against an entrepreneur whose business was liquidated and struck off the company register last year.
The High Court was right to overturn Victoria’s EV tax but the road ahead is bumpy
The High Court was right to overturn Victoria's EV tax, writes John Quiggin, but there's a danger this decision will be extended to rule out any kind of road user charge.
Tax experts wait for further clarity after major AAT ruling on trust distributions and loans
Small business tax advisors are carefully assessing an Administrative Appeals Tribunal decision that challenges the Australian Taxation Office's interpretation of specific trust distribution rules, with one leading accountant "playing a straight bat" before a likely appeal from the ATO itself.
Missing receipts sink Queensland director’s $50,000 claim for work-related tax deductions
A Queensland director has been unsuccessful in his bid to claim nearly $50,000 in business travel, accommodation, and food costs as income tax deductions because he didn't have the receipts.
ATO threatens to disclose business tax debts to credit reporting agencies
The ATO has issued a stern warning to businesses with big tax debts, saying it will disclose them to credit reporting agencies.
ATO reveals 174 criminal convictions amid ongoing GST fraud crackdown
The Australian Taxation Office secured 174 criminal convictions for tax-related fraud in the last financial year, while the stunning trend of GST fraud popularised on social media suggests even more prosecutions are on the way.
Doing a ‘DIY’ tax return? ATO says get it ready before October 31 deadline
The deadline for self-lodged tax returns is fast approaching, with taxpayers required to turn over their details by October 31.
Tim Loh, the ATO’s LinkedIn and TV star, steps out of spokesperson role as tax time winds down
The public face of the Australian Taxation Office is stepping out of the media spotlight for another year, after emphasising the human element of revenue collection duties and carving out his own niche as a business community influencer.
PwC’s “overly collegial culture” allowed it to overlook unethical behaviour
A review into PwC by former Telstra boss Ziggy Switkowski found multiple shortcomings in the company arising from poor practices that went unreported for years.
