GST reviews to work deductions: Five takeaways for SMEs from ATO commissioner’s final speech
The entire 70-minute address is available for viewing online, but SmartCompany has highlighted five of the key points for small businesses.
GST registration to become “slower and potentially more difficult” after $2 billion fraud
After a $2 billion fraud wave, ATO commissioner Chris Jordan said the GST registration system will become slower and potentially harder.
Four-year gap in ATO small business fraud risk assessments exposed in Auditor-General report
The small business line of the ATO did not complete an external fraud assessment between 2019 and 2023, an ANAO report has revealed.
150 ATO officials investigated in massive TikTok GST fraud crackdown
At least 150 ATO officials have been investigated as part of a massive GST fraud crackdown, resulting in criminal proceedings and employment terminations, according to a bombshell report from the Auditor-General.
GST fraudster imprisoned after attempted $15 million construction scheme
A construction developer has been sentenced to ten years behind bars for attempting tax fraud valued at $15 million, in what the Australian Taxation Office calls the end to one of its longest fraud investigations.
ATO launches free SME training courses, giving founders a headstart on tax, super, and more
The Australian Taxation Office has launched its free education platform for small business owners, promising useful and informative courses for entrepreneurs at every stage of the business lifecycle.
Victorian auditor questions tens of millions of dollars in COVID-19 small business grants
Tens of millions of dollars in emergency COVID-19 grants were paid to Victorian small businesses in error, including $18.3 million towards businesses the state government considered a heightened fraud risk, according to a scathing assessment from the Victorian Auditor-General's Office.
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.
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.
A timeline of the $4.6 billion TikTok GST scam plaguing the ATO
The GST scam that went viral on TikTok continues to get worse as the ATO admits that it had to payout double what it initially reported.
ATO call centres unable to meet demand as tax office urges Australians to check online services
The Australian Taxation Office said its call centres were unable to keep up with demand on Friday, as taxpayers and business owners alike flooded the system with last-minute end of financial year queries.
Tax penalty amnesty: ATO urges small businesses to confess their late debts and avoid hefty fines
The ATO is encouraging small businesses which have fallen behind on their tax debts to take advantage of its new penalty amnesty scheme, which accounting experts see as one of the last accommodating gestures from the tax office.
