ATO

The delayed income tax offset, and how it can help

You may not get many clients who can use this tax offset, but one day you may very well get one in the door who will appreciate your familiarity with, and knowledge about the application of, the delayed income tax offset. The offset has also been labelled the lump sum payment in arrears offset. It

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ATO comments on the latest system outage

Ramez Katf, chief information officer at the ATO, writes to tax practitioners in relation to last week’s system outrage outage. ATO comments on the latest system outage “The ATO clearly understands the impacts we have had on you and your businesses, so it is with great disappointment that I must now write to you and

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Tax and the sharing economy

The concept of a “sharing economy” has been around for long enough now to have had a very real impact on how our financial transactions are conducted. Of course there is a lot more to it than that — there always is — but as far as the treatment of the taxation element of these

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Inspector-General to review the ATO’s GST refund discretion

As part of its 2017 work program, the office of the Inspector-General of Taxation (IGT) has announced that it is going to examine the ATO’s administration of an existing provision that allows it to hold on to GST refunds if it believes additional verification is required. The ability for the ATO to retain a GST

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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

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