The ATO is warning businesses not to get involved in related-party structuring arrangements or schemes.

What Australian residents need to know about the updates to the Foreign resident capital gains withholding (FRCGW).

The indexation change has passed and is awaiting Royal Assent.

If you have had transfer balance account events in the last quarter you must lodge a TBAR by 28 January 2025.

The ATO is contacting growing businesses who are now part of their Medium and Emerging program for private groups.

This month, you may notice a change to Online services for agents. In addition to being able to view Pay as you go (PAYG) instalments, you can now also:

• view further registration details such as the instalment amount
• self-service to register, add, update and cancel PAYG instalments for your eligible clients.
  

The name has changed – but not how you use it.

The change is occurring over a phased rollout. You may see both myID and myGovID when using your app to log in to participating government online services, such as Online services for agents. This won’t affect your access and your Digital ID will remain fully functional and secure during this time.

You’ll still have:

• your same login details and identity strength
• continued use – the existing app will automatically update, or you can manually update it from the App Store or Google Play once available
• the same authorisations in RAM
• secure access to a range of government online services
• the change to myID aims to reduce the confusion between myGovID and myGov.

Remember, there’s no need to set up a new myID or reconfirm your details. If you’ve been asked to do this in a message, email or by visiting a website, it’s a scam.

If you’re experiencing an issue with myID, visit http://www.myid.gov.au/help

View, add, update or cancel your client’s tax registrations for a role or account.

The ATO is contacting growing businesses who are now part of their Medium and Emerging program for private groups.

Learn about Family Trust Elections, Interposed Entity Elections and when Family Trust Distributions Tax applies.