scam

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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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:

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Tax time = prime time for scams

The ATO is reminding taxpayers that tax time = prime time for scams, and to be on the lookout for tax-related scams during Tax Time 2016. It points out that fraudulent activity surrounding tax is on the increase, noting that in 2015 almost 87,000 phone and email scams were reported to the ATO, which it

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