ATO issues new false invoice warning to businesses scamming the tax system
The Australian Taxation Office has dodgy invoicing in its crosshairs, warning businesses that the Serious Financial Crimes Taskforce is ready and able to take action.
‘Won’t pretend to have all the answers’: New ATO chief pledges to listen to SMEs
New Commissioner of Taxation Rob Heferen has introduced himself to the small business community with humility, using a conference to admit he has much to learn about life in the private sector.
ATO goes after $29.8 million owed by tax advisers
ATO officers have identified $29.8 million in liabilities from engagements with tax advisers who have failed to keep their affairs in order.
‘Robotax’ highlights the gaps in Australia’s taxation system. But there’s a fix
Imagine believing you owed nothing to the ATO, and finding out decades later that you did, and that the tax office had been accruing interest and penalties on it for decades.
SmartCompany’s most-read stories of 2023
Our most-read stories of the year included important Australia Post and ATO news for SMEs, stories of iconic businesses coming unstuck and more.
ATO taskforce recovers billions from big business tax avoiders
The Australian Taxation Office’s Tax Avoidance Taskforce helped generate an additional $7.6 billion in revenue during the 2022-23 financial year.
Tax agents left out of ATO’s corporate plan, says leading adviser
Tax trainer and adviser John Jeffreys said that the corporate plan put out by the ATO covers many things, but it does not offer a plan for tax agents.
“Tread carefully”: ATO warns taxpayers relying on AI-generated information
The ATO is concerned people looking to comply with the law will rely on tools that produce unreliable information — especially if those AI responses use information sourced overseas.
Tax office to roll out warning function, targeting SMEs with unusually high deductions
The tax office plans to roll out a new warning function that will alert small businesses to review their tax deductions if they are unusually high.
Rethinking tax reform: The once-in-a-generation opportunity to unshackle Australian businesses
As COVID-19 wreaks havoc on world economies, there has never been a better or more crucial time to redesign Australia's tax system. And SMEs could benefit.
Instant asset write-off extended: $150,000 claims to last until December 31, but it’s still not permanent
The instant asset write-off scheme has been extended again and will now last until December 31, giving businesses six more months to immediately claim on purchases up to $150,000.
ATO to visit 400 Brisbane businesses in another black economy crackdown
Next month, the ATO will visit 400 businesses in inner-north Brisbane, which it said is “at risk” of becoming a black economy hotspot.
