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ATO urges vigilance: new TFN and ABN scams
- 9 May 2022
- Posted by: GJ North
- Category: Government
No CommentsThe ATO is urging people and businesses to be vigilant following an increase in reports of fake websites offering to provide tax file numbers (TFN) and Australian business numbers (ABN) for a fee, but failing to provide those services.
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Employees vs contractors: more clarity coming
- 9 May 2022
- Posted by: GJ North
- Category: Government
For many businesses, the line between employees and contractors is becoming increasingly blurred, partly due to the rise of the gig economy. However, businesses should be careful, as incorrectly classifying employees as contractors may be illegal and expose the business to various penalties and charges.
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Australian Federal Budget 2022/23
- 31 March 2022
- Posted by: GJ North
- Category: Government
Key Announcements from the Australian Federal Budget for the fiscal year 2022/2023 delivered by the Treasurer on the 29th of March 2022. The Government’s economic plan has helped Australia weather the biggest economic shock since the Great Depression, outperforming the performance of all major advanced economies.
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Record-keeping education in lieu of ATO financial penalties
- 28 March 2022
- Posted by: GJ North
- Category: Government
If you run a small business and are found by the ATO to have made unintentional record-keeping mistakes, you could face having to pay an administrative penalty. However, this could soon change under a proposed new law that would give ATO the power to issue a direction to complete an approved record-keeping education course instead. Legislation to implement this measure has been introduced into Parliament but not yet passed
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Support for flood-ravaged areas
- 27 March 2022
- Posted by: GJ North
- Category: Government
The recent devastating flooding in South East Queensland and parts of New South Wales has left many people homeless, caused vast amounts of property damage and has sadly led to loss of life. While the clean-up effort continues in many areas, there is some immediate financial help available for those affected, including the Disaster Recovery Payment and Disaster Recovery Allowance.
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ATO concerns on luxury car tax
- 22 December 2021
- Posted by: GJ North
- Category: Government
The ATO has issued an alert warning taxpayers that it is investigating certain arrangements where entities on-sell luxury cars without remitting the requisite luxury car tax (LCT) amount
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ATO Medicare exemption data-matching continues
- 20 December 2021
- Posted by: GJ North
- Category: Government
The ATO has announced the extension of its Medicare exemption statement data-matching program. This program has been conducted for the last 12 years, and has now been extended to collect data for the 2021 through to 2023 financial years
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Director Identification Number
- 4 November 2021
- Posted by: GJ North
- Category: Government
Directors of companies will soon have to enrol in the Director Identification Number regime. This requires current and future directors to apply for director identification numbers (DIN) which will be permanently linked to the individual, even if they are no longer a director.
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New data matching program: government payments
- 4 November 2021
- Posted by: GJ North
- Category: Government
A new data matching program designed to identify and address non-compliance with tax and super obligations is under way in relation to government payments for the 2018–2019 to 2022–2023 income years.