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Showing 21 - 30 of 344 results for "Australian Taxation Office"

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... happening again." The government said it will expand tax promoter penalty laws so they're easier for the Australian Taxation Office (ATO) to apply to advisers and firms who promote tax avoidance. It will also increase the time limit for the ATO to bring ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... devised the strategy of the abuse of legal professional privilege to subvert the proper enquiry by the Australian Taxation Office," she said. While the PwC fire still burns, Scyne Advisory partners Tim Jackson and Ben Neal said governance and culture ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... double taxation arrangement, thereby warranting further consultation," he said. New statistics from the Australian Taxation Office found that on average SMSFs earned $27,266 in income in the 2020-21 financial year. Investment Trends' SMSF Adviser ...

Super gender balance gap increases

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
The superannuation gender balance gap has slightly worsened, fresh Australian Taxation Office (ATO) figures reveal, as it crawls toward 21%. During the 2021 financial year men's super balance held $189,892, while women had 21% less on average at $150,922. ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... estimated to free up $290 million across SMEs. Chalmers also promised to make interactions with the Australian Taxation Office quicker. "The measures will allow more time for small businesses to amend tax returns, trial ATO independent reviews of audits ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... savings early. Of the total SMSFs in existence, 25% are operated by private wealth groups, according to Australian Taxation Office assistant commissioner for self-managed superannuation funds risk and strategy Justin Micale. Micale told a recent tax ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... burden for employers that is leading some to bypass the stapling requirements," he said. In April, the Australian Taxation Office will roll out an IT system to streamline the process for digital service providers. It will also finalise improvements to ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... available to the victim for the purposes of paying compensation. Courts would also be entitled to access Australian Taxation Office (ATO) data about offenders' superannuation accounts, giving transparency to victims of their assets. In an interview ...

TPB, bans dishonest tax agents

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
... lodged self-managed superannuation fund (SMSF) annual returns with incorrect details. Following an Australian Taxation Office (ATO) referral the TPB found the agents falsely stated the funds' annual audits had been completed. According to the bodies ...

Charter Hall secures ATO HQ

CHLOE WALKER  |  TUESDAY, 20 SEP 2022
... Charter Hall Group has acquired a $300 million site in Canberra to construct the new headquarters for the Australian Taxation Office (ATO). Located near Parliament House, the 33,000sqm, five-storey building will be developed by the property fund giant ...