tax agents

Tax & Super Australia (TSA) welcomes further investigations by the Inspector-General of Taxation and Taxation Ombudsman (IGTO) Karen Payne into how effectively the ATO communicates a taxpayer’s right to review, complain and appeal its decisions. On Monday, IGTO Ms Payne released results of a survey on the issue ahead of her final investigatio report. Most survey

Tax & Super Australia (TSA) says the ATO Corporate Plan for 2021-22 is worryingly scant on details for how it will work with tax practitioners, despite this group of professionals being critical to the taxation system’s successful operation. Millions of Australians and small businesses rely on tax agents to help them through tax system complexity.

Readers will recall that the ATO has reminded trustees of closely held trusts that they must comply (our emphasis) with the TFN reporting requirements.   Recently, a diligent member of Tax & Super Australia decided that she would ensure that this was undertaken for all of her clients. However, she was unsure as to whether the

  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

  Practitioners with outstanding tax obligations have a small window to smooth the way forward. The Tax Practitioners Board (TPB) has initiated a compliance project targeting tax practitioners — basically calling on its own members to settle all outstanding debt and lodgment obligations. The focus of the TPB strategy is on registered tax and BAS

  The Tax Practitioners Board has announced that it will conduct CPD reviews to assess how tax practitioners maintain their knowledge and skills. The TPB says it will undertake reviews of CPD records of more than 1,000 individual tax practitioners in 2018-19. Commencing this month, the reviews will assess how tax practitioners comply with the

  In a speech delivered in March 2018, the Commissioner of Taxation Chris Jordan highlighting a number of concerns about over-claiming of deductions and the higher rate of adjustments made to tax agent prepared returns, compared to those that were self-prepared. “The incorrect claiming … is actually worse in agent prepared returns. It would seem

  The ATO has developed a practitioner lodgment service (PLS) dashboard to provide information on how the PLS is performing. The dashboard is in a public beta phase, which lets ATO operatives test and make improvements based on user feedback before it is made fully available. Tax practitioners — basically the people who will be

The Tax Practitioners Board (TPB) is urging tax (financial) advisers who need to renew their registration by 1 January 2018 to get in early, as almost 13,000 other practitioners will be due to renew at the same time. TPB chair Ian Taylor encourages tax (financial) advisers to renew early to avoid application processing delays. “Tax

While many may see recently issued ATO advice as re-stating the bleeding obvious, it does of course ring true when it says that lodging returns with incorrect or incomplete information will delay processing. Generally the processing of these incomplete returns will be stopped in order to verify or update details. Helpfully however, the ATO has