ATO

The PLS is looming larger on the horizon

The ATO’s new practitioner lodgment service (PLS) is replacing its incumbent electronic lodgment service (ELS) as the primary lodgment channel (which will be “turned off” at the end of March 2017). Lodgments made using PLS will need to be made with standard business reporting (SBR)-enabled software packages. The PLS is looming larger on the horizon

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Home office deductions: What substantiation will the ATO accept?

Home office expense claims are subject to the same general substantiation requirements as other deductions – that is, records must be kept for five years. But in practice, full compliance with the substantiation rules may be difficult. It may be simple to keep a receipt for a printer purchased for a home business, but not

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ATO lets the cat out of the bag on what attracts its attention

There are certain behaviours, characteristics and tax issues that the ATO admits will attract its attention. ATO lets cat out of bag on what attracts its attention But as it is more interested to see taxpayers get things right rather than the bother, and expense, of chasing down every misdemeanour, the ATO has spelled out

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What your clients need to know if they ask for a private ruling

That the ATO has taken the tax practitioner sector’s feedback about private rulings seriously is to be commended, however just in case clients hear about the initiative and think this translates to “open slather”, there are still some sober facts that taxpayers need to be reminded of when it comes to applying for rulings from

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Modernising the ATO’s existing public rulings

The ATO has produced a large number of public rulings over many years. Although most are current, many have not been updated in a very long time. To address this situation it has announced a program of modernisation of its database of rulings under its new “advice under development” program. This initiative allows practitioners to

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