New ‘gig’ economy reporting
Mid-Year Economic and Fiscal Outlook The MYEFO announced the Government’s intention to implement a new third party reporting regime for the sharing economy. Treasury released its Mid-Year Economic and Fiscal Read More…
Proposed new record-keeping course
MYEFO – 2019/20 Treasury has released its Mid-Year Economic and Fiscal Outlook (‘MYEFO’) for 2019/20 forecasting a surplus of approximately $5 billion. One new tax-related measure of note in the Read More…
Lifestyle assets continue to be an ATO audit target
Lifestyle assets targeted The ATO has revealed it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred Read More…
Disclosure of business tax debts
Taxation Administration (Tax Debt Information Disclosure) Declaration 2019 Following the enactment of legislation in late 2019, the ATO can disclose certain business tax debt information to external credit reporting bureaus. Read More…
STP and superannuation guarantee
ATO actively using data to warn employers not paying required SG on time In a presentation at the Australian Institute of Superannuation Trustees Chairs Forum, the ATO’s Deputy Commissioner confirmed Read More…