From www.accountantsdaily.com.au: Richard Boyle, a former Australian Taxation Office officer, pleaded guilty to four charges related to his whistleblowing about the ATO’s aggressive debt collection tactics, including recording protected information without consent.… read more
From www.themandarin.com.au: Richard Boyle, an Australian Taxation Office whistleblower, has avoided jail time after pleading guilty to four charges related to the disclosure of protected information and recording private conversations, as part of a controversial plea deal.… read more
From www.pitcher.com.au: Fund managers must prioritize tax compliance and investor reporting as the 30 June deadline approaches, particularly in light of increased scrutiny from the ATO.… read more
From www.bantacs.com.au: Body corporate fees related to strata units used for income generation are generally tax deductible, while special purpose levies may complicate tax claims depending on whether they represent repairs or improvements.… read more
From newsport.com.au: Police have arrested 18 individuals in North Queensland for their involvement in a $2 million tax fraud scheme, which involved creating fake businesses to fraudulently claim GST refunds.… read more
From www.accountantsdaily.com.au: [Podcast] Chris Sequeira, a partner at Wexted Advisors, discusses trends and insights in the Australian insolvency landscape during a recent podcast episode.
He highlights challenges faced by businesses and emphasises the role of the ATO, small business restructuring, and indicators of impending insolvency.… read more
From www.accountantsdaily.com.au: The Administrative Review Tribunal upheld the Commissioner of Taxation’s decision that a consulting business was not entitled to Cash Flow Boost payments during the COVID-19 pandemic.… read more
From www.accountantsdaily.com.au: Grant Thornton advises family groups to initiate tax planning ahead of the financial year to enhance tax efficiency and mitigate risks.
The firm highlights the importance of establishing a tax strategy that aligns with overall business goals, including completing distribution resolutions for family trusts prior to year-end to avoid penalty tax rates.… read more
From www.accountingtimes.com.au: EY tax advisors have highlighted the challenges Australian branches of multinational companies face in advocating for good tax governance, particularly to offshore stakeholders unfamiliar with the ATO’s expectations.… read more
From bdo.com.au: Automotive industry stakeholders are anticipating the potential removal of the Luxury Car Tax (LCT), which could lower luxury vehicle prices and increase dealer sales.… read more
From www.pitcher.com.au: Tax planning ahead of the 30 June 2025 year-end requires consideration of changes including non-deductibility of certain ATO interest expenses and implications for franking credits within discretionary trusts.… read more
From publicaccountant.com.au: The Australian Tax Office’s new guidance and recent High Court rulings clarify the distinction between employees and contractors, emphasizing the importance of the written contracts in determining worker classification.… read more
From Atlas Wealth Group: James Ridley and Brett Evans discuss the ALP’s recent election victory, Peter Dutton’s loss, and its implications for expats in Expat Chat Episode 141.… read more
From bdo.com.au: The BDO 2025 Year-End Tax Bulletin outlines key tax measures from the 2025 Federal Budget and updates from the past financial year, focusing on year-end tax considerations for individuals and organisations.… read more
From pointonpartners.com.au: Key developments in taxation law up to mid-May include comments from the Deputy Commissioner on the Bendel decision, which underscores the ATO’s ongoing stance on UPEs pending a High Court decision.… read more