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Showing 81 - 90 of 341 results for "Australian Taxation Office"

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 ...

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 ...

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 ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
The Australian Taxation Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility ...

ATO allows ERS access to New Zealanders

ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole. In an update to its Design and Implementation document, the ATO said those with a KiwiSaver account ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
SMSF trustee behaviour will be under scrutiny from the Australian Taxation Office and they're set to face some tough penalties if they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF ...

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Taxation Office has said members who change their mind over the Early Release Super scheme will not be able to withdraw their applications. In an update to its Design and Implementation document the ATO outlined that only where there ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... investigating a small number of scams in relation to the government's Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme have detected a small number of ...