ATO issues alert on guarantee arrangements and Division 7A

 

A new taxpayer alert raises concerns about certain arrangements involving guarantees by private companies for third-party loans.

 

Warning on ATO data matching “lifestyle” assets and your business

 

Data matching programs are a major compliance tool at the ATO and taxpayers need to be aware of them.

 

Managing your business’s tax debts

 

The ATO has recently shifted to a more active approach to debt recovery and may require a more proactive method from you with dealing with tax debts.

 

Social media scams dominate losses in 2024

 

Scammers exploiting online platforms fleeced Australians out of $58 million, topping all other fraud categories.

 

GST fraudsters to face ‘full force of the law’: ATO

 

The Tax Office has the tools and resources to uncover even the most elaborate schemes, a deputy commissioner has warned.

 

Top 20 Most Watched Christmas Movies ever – pre covid

Check out the top 20 Most Watched Christmas Movies ever - pre covid

Our SG compliance results are here

Learn how we've responded to the non-payment of super guarantee (SG) in 2023–24.

ATO to target growing businesses in latest compliance blitz

The Tax Office will be contacting medium-sized and emerging businesses over the next month to review trusts, Division 7A and CGT concessions.

Practitioners cautioned on ATO’s top target areas for GST

A tax specialist has outlined three of the major GST areas on the ATO’s radar based on recent discussions.

Christmas Parties and Taxi Fare/Rideshare – FBT implications.

Some employers, who are commendably anxious to protect their employees and clients from the drink/driving laws, often pay for taxis/rideshare to and from the place of entertainment.

 

Assess a business before you buy it

Ensure the business you buy is a worthwhile investment

What are the FBT implications of Employee Christmas Parties and Gifts?

The Christmas break-up party and/or gifts to employees can be exempt from Fringe Benefits if a few rules are followed.