Posts tagged "ato"

A tax structure used by leading sportspeople, celebrities, and even influencers will now come under the ATO's scrutiny, thanks to new rules which define some earnings from an individual's 'fame' as personal income.

The Australian Taxation Office said its call centres were unable to keep up with demand on Friday, as taxpayers and business owners alike flooded the system with last-minute end of financial year queries.

SmartCompany asked experts from across the accounting field about how small businesses should optimise their tax return this year.

Taxpayers are being reminded by the Australian Taxation Office (ATO) not to rush lodging their annual income tax return from July 1.

Medical professionals dominate the list of Australia's top-earning occupations, with the nation's top taxpayers clustered in New South Wales' most exclusive suburbs, new Australian Taxation Office (ATO) data reveals.

The ATO is encouraging small businesses which have fallen behind on their tax debts to take advantage of its new penalty amnesty scheme, which accounting experts see as one of the last accommodating gestures from the tax office.

The number of court actions filed by the ATO has surged above pre-COVID levels, new figures show, as turnaround professionals urge small businesses to grasp the "last olive branch" extended to firms with outstanding debts.

As Australian workers hurtle towards the end of financial year, the ATO is reminding new side hustlers not to overlook business income on their tax return.

The Australian Taxation Office (ATO) has revealed its priority hit-list for the end of financial year period, reminding workers and businesses to stay on top of their work-related expenses and potential capital gains requirements.

The Australian Taxation Office will offer an amnesty to small businesses which have fallen behind on their payments.

Users of the Australian Taxation Office's online portal reported outages as late as Tuesday afternoon, with the tax office yet to detail the cause of technical difficulties causing almost a week of disruptions.

Employers will need to pay their workers' superannuation every time they pay their regular wage, thanks to a significant change to retirement saving rules introduced by the Albanese government.