Data matching with AUSTRAC transaction report: ATO notice

October 21, 2021

The ATO on 13 October 2021 registered a notice that it will acquire AUSTRAC transaction report information data from AUSTRAC for around  9 million individuals each year for the period of ...Read More Read More

Get ready for director ID registrations

October 21, 2021

All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director identification number (director I...Read More Read More

Work from home shortcut method extended

October 21, 2021

The ATO has extended the availability of the "shortcut" rate set out in Practical Compliance Guideline PCG 2020/3 for claiming work-from-home running expenses to 30 June 2022. This me...Read More Read More

Donations using a Donation Point Tap device

October 1, 2021

On 22 September 2021, with effect from 1 July 2021 to 30 June 2026, the ATO issued Class Ruling CR 2021/62 (Quest Payment Systems Pty Ltd - evidence of a deduction for donations made to a ...Read More Read More

NSW payroll tax on employer super contributions: Practice note

October 1, 2021

Revenue NSW has issued Practice Note CPN 021 setting out the treatment of superannuation contributions under the Payroll Tax Act 2007 (NSW). The Practice Note explains that employer cont...Read More Read More

STP phase 2 employer transition approach

October 1, 2021

The ATO have announced that they will allow deferral of Single Touch Payroll (STP) Phase 2 transition. Where employers can start reporting from 1 January 2022, the ATO will support and ...Read More Read More

Questionable “products” leading to excess fuel tax credits: ATO taxpayer alert

September 23, 2021

The ATO has issued taxpayer alert TA 2021/3: Fuel tax credit overclaims arising from aggressive marketing and use of GPS telematics technology products. The Alert raises the ATO's concer...Read More Read More

Disguising income as gifts or loans from related overseas entities: ATO taxpayer alert

September 23, 2021

The ATO on 17 September 2021 issued taxpayer alert TA 2021/2: Disguising undeclared foreign income as gifts or loans from related overseas entities. The Alert highlights the ATO's concern w...Read More Read More

Super choice rules will change from 1 November 2021

September 21, 2021

You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund. You may now need to request their ‘stapled super fund...Read More Read More

Changes to the myGovID app

September 16, 2021

You may have noticed some changes to your myGovID app, following recent updates. These changes include the option to verify your photo and set up Strong identity strength. If you choose t...Read More Read More