Australian Taxation Office

09 Mar, 21

ATO Warns a New Scam is Draining Entire Bank Accounts From Victims

There’s a new Australian Tax Office scam sweeping Australia, draining victims of their entire bank accounts. The ATO has issued a warning following a spike in automated scam calls impersonating the tax office, claiming they’ve suspended their target’s Tax File Number following suspected fraudulent activity.

29 Jun, 20

Changes To Tax Refunds And Deductions By Australian Tax Office Because Of COVID-19

Before the end of the financial year on June 30, the ATO has decided to introduce several changes in the tax return rules. The changes have done intending to bring easiness in the filing of a tax return, especially for Australians who are confronting major issues just because of Coronavirus, said ATO Assistant Commissioner Karen […]

29 Jun, 20

Get ready! It’s the tax time.

Probably this year went through loads of difficult shifts; some unusual and unseen incidents have affected the economy worldwide. All of us did work from home, while most of us relied on the government’s assistance. But, as the end of the financial year is nearer, the lines of worriment may be visible on your forehead. […]

23 Mar, 20

Victorian government to refund payroll tax and establish business support fund in $1.7 billion response to COVID-19

The Victorian government will begin refunding payroll tax payments to small and medium businesses across the state this week as part of its $1.7 billion economic stimulus package in response to the COVID-19 pandemic. Victorian Premier Daniel Andrews and Treasurer Tim Pallas outlined the measures on Saturday in what they said is a stimulus package […]

17 Jun, 19

Changes to payment summaries , income statements are here

How you get your end of financial year information from your employer showing your earnings for the year (also known as a payment summary or income statement) depends on how your employer reports your income, tax and super information to us. You will be provided with either: An income statement – if your employer reports […]

17 Jun, 19

Payments made to subcontractors by cleaning services companies subject to payroll tax

The Supreme Court of NSW has concluded that the arrangements between the subcontractors and two companies providing specialised cleaning/housekeeping services were employment agency contracts within the meaning of s 37(1) of the Payroll Tax Act 2007 (NSW). Hence, it held that the payroll tax was correctly imposed on the amounts paid to the subcontractors “in relation to” the procurement […]

16 Nov, 18

ATO to Earmark Shareholders Hiding Profits with its Current Data Matching Program

The Australian Taxation Office has affirmed that it will carefully examine the individuals share trading data of the year 2014 (as a segment of its data matching program). On Tuesday, the Tax Office declared that it will have a peak into over 500 million share trading records along with the new records that are acquired […]

22 Aug, 18

ATO’s Review On The Online Rentals

A pervasive data-matching program is being launched by the Australian Taxation office (ATO) to determine the taxpayers that are getting income from rentals of short period. Details for an average of 190,000 people of Australia will be determined from online platform sharing web portals to discern the taxpayers who didn’t include their rental income and […]