The ATO has identified that employers in the following industries have a higher risk of not meeting their super obligations:
hairdressing and beauty;
clothing retailing; and
management advice and consulting.
The ATO is currently running an education campaign for business owners in these industries to help them better... |
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Data matching helps the ATO identify taxpayers that have not declared the full amount of income they make on their tax return.
They are now looking to expand the sources of data they match to make sure they get every last cent owing from the 12.4 million individual income tax returns lodged.
Treasury released a discussion paper ... |
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Almost half of all tax collected flows through about 800,000 employers. In an environment where tax revenues are falling, Fringe Benefits Tax (FBT) is of particular interest to regulators. The simple reason is that the ATO can rely on the fact that many employers simply fail to recognise their FBT obligations - it is low hanging fruit.
To sa... |
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31 January 2014 should be seared into the brains of business owners and operators.
When the Personal Property Securities Act (PPSA) came into effect in January 2012, it provided a two year grace period to register security interests on the Personal Property Securities Register (PPSR). The PPSR is a national register of who has security... |
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What a strange few years we’ve had. A two-speed economy meant that the day-to-day experiences of many people were not matched by Australia’s outstanding headlines. But right now, consumer sentiment appears to have picked up with retailers expecting over $15.1bn to have gone through the tills pre Christmas, the housing mar... |
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