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Showing 281 - 290 of 1013 results for "Taxation"

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
The Australian Taxation Office (ATO) said it is building on its significant efforts, zeroing in on fraud and schemes designed to take advantage of the government's COVID-19 stimulus package. This includes JobKeeper, early release of superannuation ...

Another billion removed from super

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... become assessable income and need to be included in your tax return and you will pay tax on the released amount." The taxation office said any individuals found to be providing false or misleading information could face penalties of more than $12,000 ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ...

FIIG calls for taxation, regulatory overhaul

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
FIIG Securities has called on the government to impose structural changes to the Australian taxation system to see fixed income fairly promoted across all investor groups. In its submission to the Standing Committee on Tax and Revenue, FIIG said there ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
The Australian Taxation Office has announced a streamlined approach for tax time to allow people to easily claim tax deductions for work from home arrangements. Assistant commissioner Karen Foat said the ATO has a range of different approaches to support ...

ATO warns against SMSF property development

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
The Australian Taxation Office has shared its concerns about a growing number of SMSFs purchasing and investing in the development of real property. The ATO said it strongly encourages SMSF trustees who may be considering property development to seek ...

Enquiry into lacklustre employee share schemes

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
... and the effectiveness of the tax laws surrounding them. "In 2015 the government made a number of changes to improve the taxation treatment and regulation of employee share schemes. This inquiry gives us the opportunity to understand why the use of employee ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... put the money back in and claim a tax deduction on the amount. Franco Morelli, policy manager at the SMSFA, said the taxation office has made it abundantly clear that will not be tolerated. "Anyone who applies for the ERS scheme needs to have been effected ...

Blame put on businesses for JobKeeper error

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
Treasury and the Australian Taxation Office have issued a joint statement in relation to the reporting error in the estimates of the number of employees likely to access the JobKeeper program. The enrolment forms completed by over 910,000 businesses ...

Industry flocks to JobKeeper handouts

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... services and insurance enrolled for JobKeeper payments, according to an industry-level breakdown from the Australian Taxation Office. JobKeeper enrolments crossed 835,000 businesses employing over 5.5 million workers on May 12. But the most recent industry-level ...