Tag Archives: tax changes

ATO areas of interest for the coming year

https://www.youtube.com/watch?v=7jooZm0231o As the year draws to an end, the focus of the ATO has moved to the 2024 year. At a recent conference, the Second Commissioner of Client Engagement, Jeremy Hirschhorn, highlighted three areas of focus for the ATO which it says are likely to impact suppliers and clients of all businesses.  With...
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ATO pauses debts on hold campaign

https://www.youtube.com/watch?v=4G-Tqfa0h44 In response to community feedback and perhaps negative commentary in the media, the ATO has announced it is pausing its “awareness campaign around tax debts on hold”. As foreshadowed in an earlier speech by an Assistant Commissioner, the ATO had recommenced pursuing small business debts that were previously placed on hold. Recently, the ATO had...
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ATO crackdown on TPAR lodgements

The ATO has reminded relevant taxpayers to lodge their Taxable Payments Annual Report (TPAR) by the annual deadline or as soon as possible. It notes that the deadline for each year is firm and those that fail to lodge their TPAR may be subject to penalties, the scale of which depends on the size of...
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Have you outgrown your current software?

As your business becomes more complex, so does the requirements of your accounting solution. Small accounting software like Xero or MYOB AccountRight provides basic accounting functionality which is generally suitable for sole traders or small businesses. Because of its reduced functionality and features, they’re easy to use and are offered at an affordable, appealing price....
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