Social media users seeking answers from the ATO are being targeted by scammers, federal government says
Scammers are monitoring public social media pages for commenters seeking assistance with their tax payments or MyGov registration and reaching out to those taxpayers from bogus accounts, the federal government states.
Accountants optimistic after “critical” meeting with ATO over small business tax agent overhaul
Professional accounting groups are optimistic the ATO will continue to refine its new tax agent-linking system, after industry representatives said its six-step registration process could pose a significant challenge to small business clients.
“Red tape and grief”: Fears new ATO digital system will place fresh burdens on tax agents and clients
The ATO is trialling a new digital process linking clients to tax agents, but some accounting groups are concerned the six-step process could place a significant administrative burden on small businesses.
Why most states in Australia aren’t removing stamp duty
Nearly all economists and most politicians seem to agree stamp duty is a bad tax. But nearly all state and territory governments rely on it to keep the lights on.
The ATO has updated its guidance on business valuations. Here’s what you need to know to avoid tax penalties
Whether you’re preparing for succession, planning a restructure, or thinking about selling, the ATO will have questions about the value of your business.
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.
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.
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.
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.
