The Australian Taxation Office (ATO) has obtained data from state and territory motor vehicle registering bodies and will match against taxpayer records. This is to identify those participating in the cash economy by not declaring income to deliberately avoid their tax obligations. Data will be obtained for all motor vehicles where the transfer and/or market [...]

The Australian Taxation Office (ATO) has obtained data from eBay Australia and Trading Post Australia to assess the level of taxation compliance of individuals and businesses that sell goods or services online. The data identifies members of online selling sites who are involved in selling goods and services of a total value greater than $20,000 [...]

THERE’S A SENSE OF MISSED CHANCES FOR REAL REFORM AS BUSINESS LEADERS DIGEST THE GOVERNMENT’S RESPONSE TO THE HENRY TAX REVIEW. Lesley Parker INTHEBLACK, July 2010 CPA Australia As the dust starts to settle, the consensus seems to be that – mining super-profits tax aside – the federal government didn’t go far enough, fast enough [...]

Time is money, and time spent on government reporting is precious time away from your business. That’s why the government is introducing Standard Business Reporting (SBR), a new reporting facility that makes it quicker and easier for you to complete your BAS. From July 2010, you will be able to realise the benefits of reporting [...]

To help make it as easy as possible for you to comply with your tax and superannuation obligations, the Australian Taxation Office provides a free and tailored assistance service within Australia. Visits are conducted by Tax officer’s at your place of business or preferred location. At this meeting, they will work through and discuss specific [...]

Businesses with an annual turnover of less than $2 million and an activity statement debt with the Australian Taxation Office can apply for a GIC-free payment arrangement from now until 30 June 2010. GIC will be remitted for a maximum period of 12 months, provided the payment arrangement is maintained. There is no limit on [...]

Between 22 January and 27 January 2010 the Australian Taxation Office’s (ATO’s) computers will be unavailable as they implement their new income tax system, which is part of their Change Program. This means the ATO will need to suspend some processing in the weeks leading up to 22 January and there will also be some [...]