Company director hit with $53,000 DPN nearly a year after business deregistration
The Australian Taxation Office should clarify its legacy debt collection strategy, an insolvency practitioner says, after the tax office levelled a director penalty notice against an entrepreneur whose business was liquidated and struck off the company register last year.
Tax experts wait for further clarity after major AAT ruling on trust distributions and loans
Small business tax advisors are carefully assessing an Administrative Appeals Tribunal decision that challenges the Australian Taxation Office's interpretation of specific trust distribution rules, with one leading accountant "playing a straight bat" before a likely appeal from the ATO itself.
Missing receipts sink Queensland director’s $50,000 claim for work-related tax deductions
A Queensland director has been unsuccessful in his bid to claim nearly $50,000 in business travel, accommodation, and food costs as income tax deductions because he didn't have the receipts.
ATO threatens to disclose business tax debts to credit reporting agencies
The ATO has issued a stern warning to businesses with big tax debts, saying it will disclose them to credit reporting agencies.
ATO reveals 174 criminal convictions amid ongoing GST fraud crackdown
The Australian Taxation Office secured 174 criminal convictions for tax-related fraud in the last financial year, while the stunning trend of GST fraud popularised on social media suggests even more prosecutions are on the way.
Doing a ‘DIY’ tax return? ATO says get it ready before October 31 deadline
The deadline for self-lodged tax returns is fast approaching, with taxpayers required to turn over their details by October 31.
Tim Loh, the ATO’s LinkedIn and TV star, steps out of spokesperson role as tax time winds down
The public face of the Australian Taxation Office is stepping out of the media spotlight for another year, after emphasising the human element of revenue collection duties and carving out his own niche as a business community influencer.
ATO-led taskforce promises “full force of the law” against small businesses using tech to avoid tax
Small businesses using software to digitally cook the books have been put on alert, as investigators led by the Australian Taxation Office crack down on the use of electronic sales suppression tools (ESSTs).
ATO “reset”: The five types of business debt at the top of the tax office’s watchlist
The Australian Taxation Office has revealed the five types of business debts at the top of its watch list, as the extraordinary leniency the tax office showed to late payers through COVID-19 lockdowns finally comes to an end.
ATO commissioner Chris Jordan calls out businesses that treat tax debts “like a free loan”
Outgoing ATO commissioner Chris Jordan says he is "unapologetic" about the tax office's shift to take stronger action to recover debt from small businesses.
“Not a victimless crime”: Mildura man jailed for seven years over ATO TikTok GST scam
A Mildura man who received $837,000 from the Australian Taxation Office (ATO) using 'TikTok GST scam' has been sentenced to 7.5 years of jail time.
ATO exposes three common errors small businesses are making this tax-time
As small businesses complete their tax-time filings, the Australian Taxation Office has issued a quick and concise guide to the most common errors it is observing in SME lodgments.
