ATO

Financial planning

The ATO has issued another reminder for investors to voluntarily disclose offshore assets and income under Project DO IT....

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Policy & Regulation

Australian taxpayers who voluntarily disclose their offshore income and assets under Project DO IT will not face a ‘red flag’....

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Policy & Regulation

The ATO has reminded Australians to declare undisclosed offshore income and assets as part of Project DO IT....

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Accounting

Paper lodgements have dropped this tax season, as taxpayers move towards electronic mode and tax agents....

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Superannuation

Dimitri Diamantes canvasses how the Government should approach buy-sell in super and how the industry may respond....

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Superannuation

The ATO said rollover/benefit transfer to a self-managed super fund will be considered a contribution when it comes to the active member-test...

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Superannuation

Improved data collection methods by the ATO shows SMSF limited recourse borrowing arrangements have risen to $8.3 billion from $2.6 billion in 2013....

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Policy & Regulation

The ATO said Bitcoin transactions should be considered as barter transactions with similar tax outcomes....

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Policy & Regulation

Property investors have been warned they be in the tax office’s sights and must remain wary of claiming deductions if their property hasn’t been leased out in the last fi...

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Superannuation

New ATO data confirms most Australians have just one superannuation account....

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Policy & Regulation

The ATO has announced it is entering its next phase of chasing up hundreds of taxpayers who may have entered into a dividend washing transaction....

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Superannuation

ATO deputy commissioner warns that SMSF trustees should not view their funds as “set and forget” exercises....

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Policy & Regulation

Australians who have dodged tax outside Australia have less than five months to voluntarily disclose or face going to jail under the ATO’s Project DO IT....

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Financial planning

Fund managers and superannuation funds will be required to make changes in the reporting of taxation that will be comparable in scope with those made for SuperStream unde...

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Policy & Regulation

The ATO has warned property developers not to use trusts to give back proceeds from property as capital gains rather than income....

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