ATO

FBT year ends with some hot issues targeted by the ATO

  If your client is an employer, they will appreciate being advised what the ATO is looking out for, and the fringe benefits they’re expected to report, so they can avoid attracting its attention or making costly mistakes. In this year’s updated ATO list for taxpayers, titled “What attracts our attention”, there are six items

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When are digital products ‘connected with Australia’ for GST purposes?

  With the purchase of digital products such as the streaming or downloading of movies, apps, and e-books and so on becoming exponentially more popular, it is timely to examine the recently-introduced law that applies GST to digital products and services imported by Australian consumers. Effective 1 July 2017, GST now applies to digital products

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A deduction for ‘doing tax’? Not quite…

  A point of clarification about an item in our last eNewsletter. In our last eNewsletter we wrote about getting a tax deduction for managing tax affairs (this was titled ‘A strategy to increase your client’s deductions for simply lodging their tax’, but this has since been taken down*). The section that gives you this

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Self-assessment, and the evolution of reliable tax guidance

  The way in which our tax laws operate with regard to tax revenue collection interactions between the ATO and Australian taxpaying citizens changed dramatically just over 30 years ago when the then Treasurer Paul Keating introduced the Taxation Laws Amendment Act 1986, which introduced a system of tax collection that to this day is

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Guiding hand for a client saddled with a tax debt

  Whether your client is running a business or is just an individual trying to make ends meet, there is nothing worse for them than to find they have a tax debt owing to the ATO, which most likely will also be accruing a general interest charge and perhaps even a shortfall interest charge. The

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