A deeper review is needed into the composition of the $100 billion in tax debts and the ATO's debt collection procedures, CA ANZ has said.
The professional services firm has welcomed the appointment of its new tax director, Chris Ryan.
The Tax Office has ruled out granting a blanket extension of time for lodgments by companies affected by the recent Bendel decision.
The ATO has made sweeping changes to short form local file (SFLF) reporting obligations, effective for income years starting on or after 1 January 2024.
Recent data matching activities by the ATO has identified hundreds of SMSF auditors who may still be conducting in-house audits, the Tax Office has cautioned.
The Commissioner of Taxation has filed a notice of appeal in the Federal Court against a decision concerning deductions for meal expenses.
The professional body says a review should be undertaken into how the ATO assesses the appropriateness of the data it relies on for its data matching programs.
Poorly executed communications by the ATO in recent months has confused taxpayers and created extra work for tax practitioners, the professional body has said.
Registered agents have raised serious concerns about the quality of service and consistency in advice when using the ATO phone line, the Tax Ombudsman has said.
A recent case examining inter-entity service fees suggests that the degree of documentation requested by the ATO in its guidance is beyond what is required by the court, says specialist John Jeffreys. ...
The ATO is reminding businesses to keep detailed records of any R&D activities and expenditures they plan to claim.
The ATO has welcomed the Taxation Ombudsman’s review of financial abuse within the tax system, and agreed with recommendations put forward in the report.
