Think you know BAS backwards? It may not satisfy the TPB

Think you know BAS backwards? It may not satisfy the Tax Practitioners Board (TPB). Late last year, Mervyn Walsh lodged an application with the TPB for registration as a BAS agent. This was consequently knocked back by the TPB, and the reasons for it doing so may be salient and educational for both practising and

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ATO stats reveal who’s lodging this tax time

ATO stats reveal who’s lodging this tax time. The ATO says that Tax Time is off to a flying start with over 3.8 million people lodging their tax returns so far, and 1.4 million of those lodging their own tax return online with myTax. Assistant Commissioner Graham Whyte says myTax has revolutionised the way Australians

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How to get your clients’ myDeductions data

How to get your clients’ myDeductions data The myDeductions tool in the ATO app helps your individual clients keep track of their work-related expenses, gifts and donations on the go. They can email you a CSV file of the deductions they plan to claim, or upload these details to the ATO. If they use the

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What is Australia’s “tax gap”, and how is it measured?

Every year, the ATO measures its revenue and compares that total against the amount of revenue it expected to make. Often, the two numbers are different. The ATO has labelled that discrepancy the “tax gap”. The ATO’s projected revenue total is based on the amount of tax “theoretically payable” in a given year, assuming every

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Internal tax documents released — a peek into court interpretations

The ATO has released on its legal database a series of what until recently have been internal ATO documents. Internal tax documents released The release of these documents in an initiative that the ATO has labelled “iNOW!” (a contraction of “interpretation now”) and is, according to assistant commissioner Gordon Brysland, “a reinvention initiative to drive

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