SmartCompany’s most-read stories of 2022
SmartCompany's two most-viewed stories of the year came within weeks of each other in the midst of our national airline’s winter of discontent.
End of Director ID amnesty exposes 500,000 Australian corporate leaders to severe fines
As many as 500,000 company directors are now exposed to criminal penalties of $13,200 after the ATO's amnesty on late Director ID applications passed on Wednesday.
As business collapses rise, Parliamentary Committee scrutinises ATO’s role in 74% of cases
The primacy of the ATO as Australia’s biggest creditor when it comes to corporate insolvencies is being put under fresh scrutiny.
ATO finalises s100A guidelines for how it will police trust distributions
The ATO has spent much of the past year finalising its views on what kinds of transactions involving trusts and beneficiaries might cause them to poke and prod a bit further.
Businesses placed on alert after ATO raids 35 properties in five states over tax avoidance
The raids are part of a worldwide effort to crack down on businesses using illegal technology that obscures sales in order to reduce their tax bill.
ATO to launch online tax training portal for small businesses as it stares down $44 billion in collectable debt
The ATO is developing a new online training portal for small businesses, containing free courses designed to improve tax compliance — and help the tax office whittle down some $44 billion in collectible debts.
Director ID: ATO confirms crackdown on those “deliberately” missing obligations
As company directors scramble to file their Director ID applications ahead of December 14, the ATO says it will consider penalties for business leaders who "deliberately" sidestep the new identification system.
Worst offenders could face criminal charges, expert warns, as final Director ID deadline looms
Thousands of company directors technically committed a criminal offence by not applying for a Director ID number before November 30, but regulators appear unlikely to chase business leaders through the courts the moment a 14-day amnesty period comes to an end.
“Bring on the fine”: Business leaders see red over Director ID application bugs
Australian business leaders say the mandatory Director ID sign-up process is deeply flawed, with technical bugs, difficulties accessing the myGov ID system, and overwhelmed customer service lines delaying applications.
Director IDs: Tax boss gives directors 14 more days to apply to avoid penalties
The ATO has confirmed that it won't throw the book at directors if they sign up for the new Director ID scheme by December 14.
ATO puts businesses on notice over data storage and scam threats
The ATO's Jeremy Hirschhorn has warned corporates they must not lose sight of matters moral when putting data to work.
One million company directors risking $13,200 fine as November 30 Director ID deadline looms
The Australian Business Registry Services says some 1.1 million business leaders are yet to sign up for their unique identifying number.
