The ATO wants your opinion on garnishees and freezing orders

The ATO has reached out to the tax professional community and is encouraging practitioners to provide feedback on their experiences in relation to garnishees and freezing orders. In particular it says it would like to hear practitioner responses to the following questions: What are your observations about the impact of its use of garnishees or

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The practitioner lodgement service (PLS) and your AUSkey credentials

The ATO has recently advised that when a practitioner firm’s software is ready to make a successful transition to the practitioner lodgment service (PLS), there are some checks practitioners should first make. Desktop software The ATO advise that your AUSkey credentials must be up-to-date, and lodgment permissions assigned to you and your staff, before using

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How are those tax returns progressing? ATO updates its data

A few weeks into the new financial year and the ATO has already been busy crunching a few numbers on the state of play with tax return numbers. One noticeable change from the same time a year ago is the number of current year individual returns lodged on paper. In 2016, nearly 15,000 returns had

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IGT reviews the transformation of your profession – free webinar

The Inspector-General of Taxation (IGT) Ali Noroozi, is conducting another review into the taxation system. But with the IGT review currently underway, there is a difference. Instead of analysing existing issues — such as the ATO’s current practices or support systems, or its management of disputes and so on — the new IGT review is

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Immediate deduction for start-up costs

Certain start-up expenses, including costs associated with raising capital, that would otherwise be deductible over five years are immediately deductible (from July 1, 2015) where they are incurred by an SBE or an entity that is not in business. Immediate deduction for start-up costs Before this date, business capital expenditure, including start-up expenses, was deductible

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