Your practice

Relevant and practical knowledge and tools to build your business

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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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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Client calling time out on their business? The tips and traps

When your client first went into business, either buying an established enterprise or starting from scratch, probably the last thing on their mind was the day they would close the door for the last time. Client calling time out business? The tips and traps But it’s no use ignoring the inevitable, as one day they

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Tax & Super Australia members enjoy exclusive benefits, including publications that deliver practical insights, helpline access and discounts on our products and services. FREE TRIAL MEMBERSHIP OFFER But now, for the first time, a new initiative allows interested practitioners and taxpayers to “try before you buy”, through a free 30-day trial membership offering. Free trial

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ATO improves and streamlines private ruling applications

During one of its regular reviews of private advice, the ATO says it discovered that tax practitioners have tended to spend a lot of time drafting proposed rulings, which ATO staff then subsequently revise and/or amend. Responding to practitioner feedback, the ATO has decided to ramp up its efforts to streamline the process. It says

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