ATO sounds warning over “untrustworthy” insolvency advisors, as more SMEs consider selling or closing
The ATO is warning businesses and their tax advisors to watch out for operators offering “untrustworthy” pre-insolvency advice.
Small business grants to be income tax-free under new legislation
Small business grants offered in response to the coronavirus economic crisis will not be subject to income tax under new legislation.
“All the governments will be watching”: What does stamp duty reform mean for the economy in NSW, and beyond?
The New South Wales budget outlines proposed stamp duty changes, intended to give the economy a boost. And other state leaders are watching.
Employers given November extension for JobKeeper declarations after ATO systems went offline
Employers will now have until the end of November to submit their monthly declaration for October JobKeeper payments, after the tax office’s online services were unavailable last weekend.
Business owner fined $40,000 for falsely claiming to be a registered tax agent
A business owner who falsely claimed she was a registered tax agent has been fined $40,000 by the Federal Court after she unlawfully provided tax agent services to hundreds of people.
ATO to “shift the dial” back to traditional compliance activities, but will still support small businesses doing it tough
The ATO is turning its attention back to “more traditional activities” in its dealings with businesses, including by recommencing audits.
ATO sounds warning on companies misusing asset write-off and loss carry-back schemes
The ATO has warned businesses against misusing the government’s expanded asset write-off scheme and the new loss carry-back provisions.
ATO claws back $120 million in JobKeeper payments from employers making “deliberate” or “reckless” mistakes
The ATO has taken back $120 million in JobKeeper payments from employers that made “deliberate” or “reckless” mistakes in their applications.
ATO updates advice for businesses seeking to carry forward losses
Small and medium businesses that have been forced to temporarily close during the coronavirus pandemic may still be able to carry forward losses for tax purposes.
The ATO is coming for overpaid JobKeeper cash, guidelines confirm
The ATO has released guidelines on JobKeeper overpayments, confirming businesses that were wrongly credited will face repayments.
Budget 2020 income tax cuts: It’s time to update your payroll, ATO says
The ATO has updated its tax withholding schedules, to reflect the personal tax cuts announced in this year’s federal budget.
ATO warns business owners about new JobKeeper scam
The Australian Taxation Office has warned business owners about a new JobKeeper email scam doing the rounds.
