Tax

Authoritative and technically accurate information and guidance on all areas of tax

Practical tips and advice for tax practitioners from the ATO

The ATO has provided links to tips and advice for tax professionals about common errors, plus other topics of interest. Practical tips and advice for tax practitioners from the ATO For your practice, find out about: Where to find help for using the portals Client list – checks to make before clients are removed Reduce

[ Read More ]

Tax & Super Australia’s 2017-18 pre-budget submission

Our pre-budget submission recommendations have been driven by the priorities, concerns and ideas of our members. In this pre-budget submission, based on a member survey that covered a broad range of taxation and superannuation issues, our suggestions reflect our overarching objective of achieving a suitable balance of fairness, efficiency and simplicity in the taxation system.

[ Read More ]

Employers given extended deadline to administer new backpacker tax rates

The ATO hosted a teleconference with a peak representative body for the horticultural industry in early January to provide guidance on administering the new “backpacker” tax regime, which is effective from January 1. Employers given extended deadline to administer new backpacker tax rates Information subsequently distributed to the representative body’s membership included that employers who

[ Read More ]

Data matching by ATO targets card payments, online sales, ride sourcing

Every year, the ATO collects new data from financial institutions and matches this data with its own information, which is sourced from income tax returns, activity statements and other tax records. Data matching ATO targets card payments, online sales, ride sourcing It says that its current data matching activities are focused on gathering data on:

[ Read More ]