JobKeeper overpayments

What to do if you have received a JobKeeper overpayment that you (or your employees) were not eligible for.

19 Oct 2020

2020-21 personal tax cuts

The Australian Government has introduced personal income tax cuts as part of the 2020–21 Budget. They apply from 1 July 2020 and change the rate of tax withheld from employees.

15 Oct 2020

Reporting asset disposals for CGT

The ATO is paying close attention to capital gains made on shares, property and cryptocurrency. Remind your clients to report asset disposals to help get their capital gains tax (CGT) right.

9 Oct 2020

Improving flexibility for older Australians

Older members of your super funds are now able to receive spouse contributions and make voluntary super contributions without meeting the work test.

25 Sep 2020

ATO now makes shares data available

Information on more than 20 million shares transactions for 800,000 taxpayers is now available through Online services for agents.

25 Sep 2020

Extra time for new clients

You may request additional time to lodge overdue tax returns for new clients or previous clients you have re-engaged. Learn when this applies.

25 Sep 2020

Deductions for vacant land

If your clients hold vacant land and intend to build a rental property, remind them they are no longer able to claim deductions for the cost of holding the vacant land until the property is available for rent. Find out when exceptions apply.

14 Sep 2020

No Penalties for Varying your PAYG instalments

Varying your pay as you go (PAYG) instalments during these uncertain economic times.

8 Sep 2020

Superannuation guarantee amnesty

The super guarantee amnesty ended 7 September 2020. You will need to lodge a SG charge statement disclosing any unpaid super and pay the guarantee charge to us.

8 Sep 2020

Activity statement reminder notifications

Find out about changes the ATO will soon make to the activity statement reminders they send to you and your clients.

24 Aug 2020

Backing business investment – accelerated depreciation

Information on how businesses apply the Backing business investment rules to access accelerated depreciation.

20 Aug 2020

More employees now able to access JobKeeper

More employees are now able to access JobKeeper following implemented changes to the JobKeeper employee eligibility rules. The key date for assessing which employees are eligible for JobKeeper is now 1 July 2020.

19 Aug 2020

TPAR lodgment due 28 August for businesses who pay contractors

A reminder if your business pays contractors or subcontractors, you may need to lodge a Taxable payments annual report (TPAR) by 28 August.

19 Aug 2020

JobKeeper rule changes for child care providers

JobKeeper rule changes for child care providers starting from 20 July 2020.

28 Jul 2020

Superannuation guarantee amnesty

A super guarantee amnesty introduced on 6 March 2020 allows eligible employers to disclose and pay unpaid SG without penalty and to claim a tax deduction. Employers have until 7 September to disclose, lodge and pay.

27 Jul 2020

No GDP adjustment – GST and PAYG instalments for 2020-21

The gross domestic product (GDP) adjustment for GST and PAYG instalment amounts for the 2020–21 income year is nil.

17 Jul 2020

Checking progress of returns online

Save time and check the progress of your clients’ tax returns online, including information about the reasons for unexpected processing delays.

17 Jul 2020

Paid contractors? Your Taxable payments annual report is due 28 August

Work out if your business needs to lodge a TPAR.

17 Jul 2020

Claiming deductions for payments to workers

Payments your business clients make to workers are tax deductible only if they have complied with the pay as you go (PAYG) withholding obligations for those payments.

13 Jul 2020

What’s new in pre-filling?

Find out what’s new in pre-filling this year.

10 Jul 2020

Review and update ABN details

You can now more easily review, save and print a summary of your clients’ current Australian business number (ABN) details via the Australian Business Register (ABR). You can use this summary to review ABN details and keep them up to date.

7 Jul 2020

Business transactions through payment systems prefill

If your client has Business transactions through payment systems prefill data, you should check the amount and declare in the appropriate return including confirming it is business income.

6 Jul 2020

Child Care Subsidy extension

Child Care Subsidy (CCS) recipients and their partners who have not submitted their 2018–19 tax returns can still access their CCS until 31 March 2021. This is not an extension of time to lodge their 2018–19 income tax returns.

3 Jul 2020

Division 7A administrative relief for minimum yearly repayments

Borrowers affected by the COVID-19 situation can apply for administrative relief for Division 7A minimum yearly repayments.

3 Jul 2020

Taxation treatment of distributions of income from testamentary trusts to minors

Legislation has been enacted changing the taxation treatment of distributions of net income from testamentary trusts to minors. The new law applies to property acquired or transferred from 1 July 2019

2 Jul 2020

10 things to know this tax time

To help you and your clients this tax time, the ATO has put together a list of key information you need to know.

30 Jun 2020

2020 Tax Time Toolkits

ATO 2020 Tax Time Toolkits provide resources to help you and your clients understand what they can and cannot claim in their income tax return, including occupation-based guides, and tips for rental property owners. Find out what is new in the toolkit for 2020 and share the resources with your clients.

26 Jun 2020

TBAR lodgment

A transfer balance account report (TBAR) may be due 28 July 2020, if a transfer balance event has occurred in your member’s SMSF between 1 April and 30 June 2020.

24 Jun 2020

EOFY, STP and your employees

Your end-of-financial-year process will change when you report through STP, and your employees will access their income statement in their myGov account linked to ATO.

24 Jun 2020

Businesses to report contractor payments under the Taxable payments reporting system

The TPRS has been expanded to businesses providing cleaning, courier, road freight, IT, security, investigation and surveillance services.

24 Jun 2020

ATO zeroes in on COVID-19 fraud

The Australian Taxation Office (ATO) is building on its significant efforts zeroing in on fraud and schemes designed to take advantage of the government’s COVID-19 stimulus package. This includes JobKeeper, early release of superannuation, and boosting cash flow for employers.

23 Jun 2020

Overview of key changes

Key changes and new measures when completing your clients’ tax returns, including COVID-19 measures and support; income, deductions and concessions; and Single Touch Payroll processing.

23 Jun 2020

Your lodgment program performance summaries

The ATO will send lodgment program performance summaries to tax agents in late July. This year, they will adjust their support strategies to provide further assistance.

22 Jun 2020

Maintaining the integrity of COVID-19 stimulus measures

The ATO are working hard to ensure fairness in administering COVID-19 stimulus measures.

22 Jun 2020

Assessing the risk: allocation of profits within professional firms

How the ATO assess the risk of Part IVA applying to the allocation of profits from a professional firm where the income is not personal services income.

22 Jun 2020

Granular data – level of detail required

Guidance for tax agents on the level of information required to complete schedules for 2019–20 individual tax returns.

5 Jun 2020

Personal superannuation contribution deduction

The ATO are writing to individuals who claimed a personal superannuation contribution deduction in their 2019 tax return and details of an acknowledged notice of intent has not been reported by their fund.

4 Jun 2020

Due date for SBSCH payments

If your clients use the Small Business Superannuation Clearing House (SBSCH), super payments must be accepted by 23 June 2020, in order for employees’ super funds to receive payments by 30 June.

1 Jun 2020

Are your members topping up or starting a new pension?

There could be adverse consequences on your members transfer balance cap if they top up, or start a new pension.

18 May 2020

Division 7A and lodgment date

As part of the ATO response to COVID-19, the 15 May 2020 lodgment date for company 2018–19 income tax returns has been automatically extended to 5 June 2020.

13 May 2020

2020 FBT returns

Request a fringe benefits tax (FBT) client list and check which of your clients need to lodge FBT returns this year.

12 May 2020

STP exemption for closely held payees

If you pay someone directly related to your business,the reporting exemption now extended.

12 May 2020

Inappropriate use of myGov

The ATO are reminding tax practitioners that using your clients’ personal login details to access their individual ATO Online accounts through myGov is not an approved channel to manage your clients’ tax affairs.

6 May 2020

JobKeeper enrolments extended for initial payments

The Commissioner has extended the time to enrol for the initial JobKeeper periods from 30 April 2020 until 31 May 2020.

29 Apr 2020

Enroling for JobKeeper Payment

JobKeeper Payment is now open for enrolment through Online services for agents.

21 Apr 2020

Cash flow boost for employers – schemes to artificially create or inflate entitlements

The ATO are aware of schemes that may be used to create inappropriate entitlements to the cash flow boost for employers.

17 Apr 2020

Cash flow boost for employers – fraudulent arrangements

The ATO

will be looking out for businesses which try to fraudulently access the cash flow boost for employers.

17 Apr 2020

Employers need to get ready for JobKeeper now

The new JobKeeper Payment has now passed through parliament and the Australian Taxation Office is working to assist business to access the scheme, helping them to retain their employees.

16 Apr 2020

JobKeeper Payment is here

Understand what employers can do to ready themselves for the JobKeeper payment.

15 Apr 2020

New working from home claim shortcut

The Australian Taxation Office (ATO) is announcing special arrangements this year due to COVID-19 to make it easier for people to claim deductions for working from home.

7 Apr 2020

A better payment experience

The ATO has made improvements to their payment processes to make it easier for your clients to pay their tax.

1 Apr 2020

Superannuation guarantee amnesty

On 6 March 2020 a super guarantee (SG) amnesty was introduced allowing eligible employers to disclose and pay unpaid SG without penalty and to claim a tax deduction. Employers will have until 11:59 PM 7 September to disclose, lodge and pay.

30 Mar 2020

COVID-19

Information and assistance if you have been affected by COVID-19 outbreak

17 Mar 2020

Support measures to assist those affected by COVID-19

The ATO will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak.

12 Mar 2020

Superannuation guarantee amnesty

On 6 March 2020 the government introduced a super guarantee (SG) amnesty, allowing eligible employers to disclose and pay unpaid SG without penalty and to claim a tax deduction. The amnesty will be available until 6 September 2020. As the end date falls on a weekend, employers will have until 11:59 PM 7 September to disclose, lodge and pay.

10 Mar 2020

Acquiring a clearance certificate when selling a property

You require a clearance certificate if you are selling taxable Australian real property. Find out how to apply for one.

12 Feb 2020

Lodging your TPAR

The Taxable payments annual report (TPAR) is due by 28 August. Businesses can lodge online or on paper. Government entities must lodge online. Watch the ATO video to find out how to lodge online.

7 Feb 2020

Taxable payments reporting for businesses hiring cleaning or courier contractors

Read more about the requirements for businesses providing cleaning services to complete a Taxable payments annual report (TPAR).

24 Jan 2020

Valuing car parking fringe benefits

You must check that a valuation, required under the market value method, is reasonable despite engaging an arm’s length valuer.

24 Jan 2020

Natural disasters

If you or your clients are affected by natural disasters, such as cyclone, flood, bushfire drought or storm, the ATO can help you with your lodgment program and reconstructing records.

9 Jan 2020

What activity statement financial processing means for tax professionals

From December 2019, activity statement financial processing (ASFP) improves, the way ATO financial information is displayed for tax professionals.

6 Jan 2020

Expanding tax incentives for investments in affordable housing

Resident individuals who invest in qualifying affordable housing after 1 January 2018 may be eligible for an additional ten percentage point CGT discount.

23 Dec 2019

Full Federal Court finds Racing Clubs are liable for SGC on unpaid super for jockeys

This week, the Full Federal Court ruled in favour of the Australian Taxation Office (ATO), agreeing that horse racing clubs and state racing boards are required to pay superannuation contributions on behalf of jockeys.

18 Dec 2019

Small employers urged to make the switch to Single Touch Payroll

The ATO is urging small employers who’ve not yet made the switch to Single Touch Payroll (STP) to get in touch if they need help to transition.

19 Nov 2019

Super Scheme Smart

There are a number of schemes targeting Australians planning for their retirement. These schemes encourage individuals to send money inappropriately through their self-managed super fund (SMSF).

19 Nov 2019

ATO grants two month deferral for bushfire victims in New South Wales and Queensland

The Australian Taxation Office (ATO) today announced that it will grant a two month lodgment and payment deferral to taxpayers impacted by the recent catastrophic bushfires in New South Wales and Queensland.

18 Nov 2019

Salary sacrificing super – information for employers

An employee can ‘sacrifice’ part of their salary or wages into super contributions under an agreement with you. You then pay this amount to their fund.

31 Oct 2019

Removing tax deductibility of non-compliant payments

You can only claim deductions for payments you make to your workers where you have complied with the PAYG withholding and reporting obligations for that payment.

30 Oct 2019

Capital gains tax changes for foreign investors

On 9 May 2017, the government announced that Australia’s foreign resident capital gains tax (CGT) regime will be extended to deny foreign and temporary tax residents access to the CGT main residence exemption.

29 Oct 2019

Expanding tax incentives for investments in affordable housing

Resident individuals who invest in qualifying affordable housing after 1 January 2018 may be eligible for an additional ten percentage point CGT discount.

24 Oct 2019

Applying the margin scheme correctly

Make sure your clients are eligible to use the margin scheme before they sell property, and that amendments to the law are applied correctly.

9 Oct 2019

External collection agencies

The ATO are continuing to use external collection agencies to obtain overdue lodgments on their behalf. In late September you may receive an email with a list of your clients who have overdue lodgment obligations. The ATO will contact these clients and may refer them to an external collection agency.

26 Sep 2019

Assessing the risk: allocation of profits within professional firms

How the ATO assess the risk of Part IVA applying to the allocation of profits from a professional firm where the income is not personal services income.

24 Sep 2019

Have you used the margin scheme correctly?

Familiarise yourself with the margin scheme before selling property, to determine your eligibility to use the scheme and ensure the law is applied correctly.

20 Sep 2019

ATO watching for foreign income this Tax Time

The ATO is urging taxpayers who receive any foreign income from investments, family members or working overseas to make sure they report it this tax time.

15 Aug 2019

Disclosure of business tax debts

The Government introduced a bill on 24 July 2019 that will allow the ATO to disclose business tax debt information to registered credit reporting bureaus of businesses that have not engaged with the ATO to manage their debts.

14 Aug 2019

Federal Court provides clarification on the personal services income rules

The Federal Court handed down two decisions relating to personal services income (PSI) rules yesterday.

13 Aug 2019

Lodging your TPAR

You need to lodge your Taxable payments annual report (TPAR) by 28 August. Businesses can do this online or by paper form. Government entities must lodge their report online.

27 Jun 2019

ATO puts the brakes on dodgy car claims

The ATO is making work-related car expenses a key focus again during Tax Time 2019. This follows warnings by the ATO last year that work-related car expenses would face greater scrutiny.

25 Jun 2019

STP and closely held payees

Information on the quarterly reporting concession for closely held payees

19 Jun 2019

Unreported ‘cash in hand’ payments to workers no longer tax deductible

The Australian Taxation Office (ATO) today reminded employers that any ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible.

18 Jun 2019

Tax time tips for small business – 2019

The Australian Taxation Office (ATO) is lending a helping hand to nearly four million small businesses to get their tax right this tax time.

14 Jun 2019

Single Touch Payroll starts 1 July – small employers are you ready?

The ATO strongly encourage all employers with 19 employees or less to get on board and start reporting through Single Touch Payroll from 1 July 2019.

11 Jun 2019

Study and training loans – what’s new

Content related to any new legislation for study and training loans.

5 Jun 2019

ATO to iron out false laundry claims

The ATO will target false clothing and laundry work-related expense claims this tax time. In 2018, around six million people claimed work-related clothing and laundry expenses totalling nearly $1.5 billion.

4 Jun 2019

Take care of yourself and your staff, contact us early in times of difficulty

Take care of yourself and your staff, contact us early in times of difficulty.

3 Jun 2019

Inactive low-balance super accounts

Super funds are required to transfer the balance of inactive low-balance accounts to us and, where possible, we’ll proactively consolidate these into active super accounts.

24 May 2019

Auditing an SMSF that is winding up

Guidance for SMSF auditors on auditing an SMSF that is is winding up

17 May 2019

Help with your lodgment program

If you are experiencing difficulties managing your lodgment program due to unforeseen circumstances, help is available.

8 May 2019

Director penalty regime

As a director, you must ensure your company complies with its tax and super obligations. Failure to do so will result in a personal liability.

3 May 2019

How the ATO deals with non-compliance

The ATO main focus is encouraging SMSF trustees to comply with the super laws, but there are occasions when stronger responses are warranted.

3 May 2019

ATO receives cryptocurrency data to assist tax compliance

The Australian Taxation Office (ATO) is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading in cryptocurrency are paying the right amount of tax. Data to be provided to the ATO will include cryptocurrency purchase and sale information. Deputy Commissioner Will Day said the data will make up a key element in the ATO’s compliance program.

30 Apr 2019

Tax office to double audits of dodgy rental deductions

Rental property owners are being warned to ensure their claims are correct this tax time, as the ATO will double the number of audits scrutinising rental deductions.

17 Apr 2019

Statement of tax record

From 1 July 2019, tenderers and their first tier subcontractors applying for Commonwealth Government contracts over $4 million (including GST), must obtain a statement of tax record (STR) showing satisfactory engagement with the tax system.

26 Mar 2019

Ordinary time earnings – annual leave loading

Information outlining the ATO view on when annual leave loading is part of ordinary time earnings, the evidence required to comply with that view, and ATO compliance approach for historical quarters.

12 Mar 2019

Time for small employers to get ready for Single Touch Payroll

Legislation to extend Single Touch Payroll (STP) reporting to all employers from 1 July 2019 is now law.

7 Mar 2019

What’s new for small business

Small businesses have access to a range of tax concessions. This page summarises the latest changes to concessions available to small businesses.

30 Jan 2019

New data on shares helps taxpayers to get it right

The Australian Taxation Office is once again extending its data matching program, this time focussing on share data.

30 Oct 2018

Shifty sales suppression tools now against the law

It is now illegal to manufacture, distribute, possess, use or sell electronic sales suppression tools (ESSTs).

10 Oct 2018

Ban on electronic sales suppression tools

An electronic sales suppression tool (ESST) is a tool used to facilitate tax evasion by manipulating business transaction records and under-reporting income.

5 Oct 2018

What’s new for small business

Small businesses have access to a range of tax concessions. This page summarises the latest concessions available to small businesses.

26 Sep 2018

What can you claim if you’re a flight attendant, police officer or a nurse?

With work-related expenses and rental property claims high on its radar this year, the Australian Taxation Office is stepping up help and advice for taxpayers who aren’t quite sure what they can and cannot claim.

29 Aug 2018

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