Individuals affected by the recent Optus and Medibank data breaches are likely on heightened alert with regard to safeguarding your data. The ATO has assured taxpayers that ATO systems have not been affected by the breach. Information for those caught up in a data breach is available from the Australian Cyber and Security Centre at…
The ATO has reached out to small businesses who may have recently received a letter advising that they have a debt on hold, and any credits or refunds would be offset against this debt. As a result, some may find that their refund or credit is less than expected. The ATO paused offsetting refunds or…
The ATO is warning taxpayers to not engage in ‘asset wash sales’ or other forms of tax avoidance to artificially increase their losses to reduce gains (or expected gains).
Single Touch Payroll (‘STP’) reporting has been expanded with extra reporting obligations for employers.
Taxpayers are warned not to ’double dip’ on tax deductions. Here are three common items that are often claimed twice.
The ATO has announced four key priorities that it will focus on this 2022 tax time.
The proposed new law aims to help small businesses involved in disputes or debt recovery actions with the ATO.
The ATO is alerting taxpayers that its sights are set on work-related expenses like car and travel claims that are predicted to decrease in this year’s tax returns.
The ATO has advised that it will engage in two new data matching programs dealing with property transactions.
The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Australian dollars.