Tag: ATO

New research reveals the average SME spends over two full working weeks (84.1 hours) every year in gathering tax on behalf of the Australian Government.

According to the Inspector-General of Taxation (IGT) Ali Norooz, there are a number of changes the government could make to the landscape of taxation…

The Australian Taxation Office is ramping up its response to rogue phoenix operators who exploit seasonal workers, and pocket their superannuation entitlements.

The Australian Taxation Office (ATO) is today reminding employers of the new super guarantee rate, ahead of the first quarterly superannuation payment.

The Australian Taxation Office is encouraging self-lodgers who are yet to hand in their tax return to use myTax, the revenue collection agency’s new streamlined system designed for those with straightforward tax affairs.

The Australian Taxation Office is reminding employers to begin embracing SuperStream, the Government’s new method of transacting linked data and payments for superannuation.

The government retrospectively axed several tax concessions for small business when it repealed the mining tax. And the question that many small business owners may ask is, does this apply to me?

The Senate’s Economic References Committee, chaired by NSW Labor Senator Sam Dastyari, will launch an inquiry into cryptocurrencies such as bitcoin.

The decision by the government to repeal the mining tax could negatively impact small business owners who may have to pay back taxes if they placed a return linked with tax support provisions.

The Tax Commissioner believes bitcoin is not money or foreign currency and bitcoin transactions should be treated like barter trades, with similar tax results.