ATO

Practitioner guidance for puzzling technical issues is available from ATO

The ATO has a section that deals with “complex issues” that tax practitioners will have to struggle with now and then when managing their clients’ tax affairs. The ATO says its Complex issues resolution service is there to help resolve complex administrative issues and tax technical interpretation queries that practitioners may have been unable to

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SMSF trustees need to stay alert to survive

Another example of the reason SMSF trustees need to stay alert to survive and must constantly stay on top of developments occurring in the self managed super fund field surfaced earlier this month. The ATO went public with information that SMSF trustees in particular could be targeted by promoters of retirement planning arrangements that —

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What is ‘Sounding Board’, and how can it help your practice?

In the interests of regulatory reform and simpler tax laws, the Australian government has requested the Board of Taxation to seek ideas for tax system improvement from its stakeholders, businesses and the community. What is ‘Sounding Board’, and how can it help your practice? The resulting initiative Sounding Board is an innovative online collaboration platform

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Commissioner’s ‘remedial power’ flexed for first time

The Commissioner of Taxation has limited powers to modify the implementation of tax law in circumstances where taxpayers will benefit, or at least be no worse off, as a result of the modification. The first use of this power to modify the law (the Commissioner’s remedial power, or CRP) took effect on 17 October 2017.

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Single Touch Payroll: ATO’s live stream with employers

The ATO has invited several employers to an upcoming “employer engagement” forum next week (on Thursday 16 November) where they will be able to clear up any questions or concerns they still have about Single Touch Payroll (STP). Attending the forum will also be ATO and payroll industry experts, who can answer any questions and

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