The ATO has signalled that it is willing to pursue professional services firms who divert profits to avoid tax.

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control?

The Case of the Taxpayer Who Was Paid Too Late

What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the timing of employment income.

TaxationJPR BUSINESS GROUP1 September 2023ato, tax, Taxation

The ATO's final position on risky trust distributions

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive approach.

TaxationJPR BUSINESS GROUP1 February 2023trust, ato, australian tax office, taxation

Avoiding the FBT Christmas Grinch

It’s that time of year again - what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for a generous and tax effective Christmas season.

Taxation, Financial AccountingJPR BUSINESS GROUP6 December 2022fbt, Fringe benefit tax, ato, taxation

Taxing fame: The ATO's U-turn

If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income you make may change under a new draft determination set to take effect on 1 July 2023.

TaxationJPR BUSINESS GROUP14 November 2022ato, ATO, Taxation

Last chance to access COVID-19 'early access to super'

31 December 2020 is the last day you can apply to access your superannuation early under the COVID-19 early access measures. The ATO has warned that those wanting to access their superannuation pre-Christmas will need to complete the application by 11 December 2020.

SuperannuationJPR BUSINESS GROUP3 December 2020superannuation, covid-19, covid, ato

Tax table reminder

The 2020-21 personal income tax cuts announced in the Federal are now law.

Corporate Secretarial, Financial Accounting, TaxationJPR BUSINESS GROUP4 November 2020Taxation, tax, ato, Tax tables

Bushfire relief from ATO obligations

The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two month deferral for activity statements lodgements and payments due has been provided to those in affected postcodes.

Rental deductions - the ATO cracks down with double the audits

4,500 audits of rental property deductions will be undertaken this year with the focus on over-claimed interest, capital works claimed as repairs, incorrect apportionment of expenses for holiday homes let out to others, and omitted income from accommodation sharing.