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ATO reminds businesses on contractor reporting deadline
The office also issued more than 16,000 penalties for businesses who didn’t lodge their TPARs for previous years, despit...
Thousands of SMEs make use of ATO tax amnesty
The amnesty applies to small businesses with a turnover of less than $10 million with overdue tax payments between 1 Dec...
SMEs at risk from ATO and creditor action
High-interest rates and ATO action are creating fear of not only a business insolvency wave but also a personal insolven...
How to borrow to consolidate your business tax debt
Businesses that obtained tax relief during the height of the pandemic are now due to repay up to three years of back tax...
ATO reminds small businesses what they need to address before 30 June
Small businesses can still claim an immediate deduction for the cost of eligible assets first used or installed ready fo...
Refreshed ATO charter to reinforce its commitment to Australians
Community feedback was critical in helping to shape the ATO's approach to the refresh of the Charter.
ATO offers amnesty to small businesses with overdue tax lodgements
To be eligible for the amnesty, the small business must be an entity with an aggregated turnover of less than $10 millio...
Tax relief for small businesses on the brink of insolvency
Over 6000 Australian businesses have already been placed into administration so far this financial year.
ATO urges taxpayers to declare all business income, including side hustles
With the Shared Economy Reporting Scheme set to commence on 1 July 2023, the ATO is further improving its tools to detec...
ATO makes changes to working-from-home deductions
The cents per work hour has increased from 52 cents to 67 cents, covering energy expenses, phone usage, internet, statio...