Small businesses: ATO assistance and compliance matters
In a recent speech, the Commissioner said the ATO is committed to working with small businesses by providing assistance and conducting compliance activities to ensure a level playing field. ATO assistance The Commissioner said the ATO is strengthening its online services, guidance and tools to assist small businesses in improving their efficiency. He said later ...more
Online retail review; GST compliance crackdown on imports
The Government has announced that the Productivity Commission will examine the current structure, performance and efficiency of the retail sector and the broader issues posed by an increase in online purchasing by Australian consumers. The Productivity Commission will also consider the sustainability and appropriateness of the current indirect tax arrangements in the online purchasing environment. ...more
Stronger compliance action on non-lodger trustees of SMSFs
The Tax Office has advised that it is implementing a new approach for SMSF trustees who, despite have been sent previous reminders, have still not lodged their SMSF annual income tax return. The Tax Office said it had recently sent letters directly to these funds and their trustees. The letters outlined what they needed to ...more
Racehorses – ATO data-matching
The Tax Office has released details of its thoroughbred data-matching project. The Tax Office says the objective of the project is to identify taxpayers who have a significant interest in thoroughbred racehorses.
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