The Australian Taxation Office says it will remain “empathetic” to the plight of struggling SMEs still feeling the GFC hangover, but has warned it will be cracking down hard on tax abuses around trusts, the cash economy, the GST and fraudulent refunds. The details of the ATO’s tax targets for the 2010-11 were revealed with [...]
Archive for the ‘Tax Updates’ Category
June 30th, 2010
2010 Personal Income Tax Return Checklist
JUST RELEASED…… The 2010 Thiel Partners personal income tax return checklist is now available for download. Just click here to get your copy.
June 22nd, 2010
How The ATO Is Catching Up With The Cash Economy
The ATO data matching program allows information from a variety of sources to be brought together to identify businesses operating in the cash economy, including data from banks that identify credit card and EFTPOS sales made by Australian businesses.
January 14th, 2010
ATO Looks at Employers Employing “Contractors”
The Tax Office recently gave employers a “head up” that they may be looking at thier arrangements with so-called “contractors”, who might be better described as employees.
The Tax Office’s strategy for tackling non-compliance in this area focuses on businesses that do not withhold from payments to workers as required and fail to make superannuation guarantee contributions.