Posts tagged "tax"

The ATO has issued a stern warning to businesses with big tax debts, saying it will disclose them to credit reporting agencies.

The deadline for self-lodged tax returns is fast approaching, with taxpayers required to turn over their details by October 31.

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).

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.

Australian tax chief Chris Jordan's "unapologetic" focus on small businesses "treating ATO liabilities like a free loan" has sparked a strong response from the SME community.

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.

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.

Australia is getting older, the tax base is changing, but there are opportunities to boost productivity, the Intergenerational Report says.

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.

Fast-growing research and development tax advisory BourkeHood has entered voluntary administration, with its high-profile founder highlighting cashflow challenges at the firm.

An ATO amnesty allowing small businesses to lodge overdue tax debts without attracting late payment penalties has proven a smash hit in its first two months, with 7,200 business stepping forward to date.

Taxpayers who believe their tax affairs are straightforward have been given the "green light" by the ATO to go ahead and commence lodging their income tax returns.