Tag: ATO

ATO expands data-matching to prevent tax errors.

Mark from H&R Block, makes predictions about what the ATO will be scrutinising closely when taxpayers file their returns

The ATO has released a small business tax time toolbox to help small businesses complete their income tax returns.

The Australian Taxation Office has identified numerous GST refund fraud attempts, wherein individuals file fake business activity statements to claim refunds.

The Australian Tax Office is urging prospective business owners to remain vigilant of fake websites offering tax file numbers (TFN) and Australian business numbers (ABN) for a price.

Thousands of company directors have been warned that they must actively manage their business debt or face ATO action.

From 5 April 2022, prospective directors of all companies, including SMEs, must hold or have applied for a director ID before they can be appointed.

For businesses wondering what their futures look like a Small Business Restructure could help tidy up old debts. 

It’s back to business for the Australian Tax Office (ATO) as it resumes debt collection in NSW, the ACT and Victoria. 

“Super stapling” came into effect on 1 November 2021, so all Australian business owners need to understand their obligations.