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ATO asks businesses to check if they are still using their ABNs

By WSC Group | Created on May 5, 2021

The ATO has advised that if a business hasn’t used its ABN for a while, the ATO may contact them about cancelling their ABN.

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JobMaker fails to boost employment

By WSC Group | Created on May 5, 2021

The Government’s JobMaker scheme has only created 609 new jobs since registrations opened on 1 February 2021, despite around 15,000 businesses registering their interest in the scheme.

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Passenger movement data-matching program

By WSC Group | Created on May 5, 2021

The ATO will access data from the Department of Home Affairs on passenger movements during the 2016/17 to 2022/23 financial years.

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Government proposal to modernise business communications

By WSC Group | Created on May 5, 2021

The Government has committed to modernising certain laws so that they are 'technology neutral', to enable easier communication between businesses, individuals and regulators.

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ATO "keeping JobKeeper payment fair"

By WSC Group | Created on May 5, 2021

While most businesses and employees have done the right thing, the ATO has identified concerning and fraudulent behaviour as well as claims by a small number of organisations and employees, and will actively pursue these claims.

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Independent review service for small businesses made permanent

By WSC Group | Created on May 5, 2021

Following a successful multi-year pilot, the ATO’s small business independent review service will be offered permanently as a dispute resolution option for eligible small businesses.

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ATO targets profits of professional service firms

By WSC Group | Created on May 5, 2021

The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers, architects etc.

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Warning regarding new illegal retirement planning scheme

By WSC Group | Created on April 10, 2021

The ATO has recently identified a new scheme where SMSF trustees were informed that they could set up a new SMSF to roll-over the fund balance from the old SMSF and then liquidate their old SMSF, in an attempt to avoid paying potential tax liabilities.

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The 1 July 2021 superannuation changes

By WSC Group | Created on April 10, 2021

Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.

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ATO's taxable payments reporting system update

By WSC Group | Created on April 10, 2021

The ATO has confirmed that more than 60,000 businesses have not yet complied with lodgment requirements under the taxable payments reporting system ('TPRS') for 2019/20.

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