by Team Garnet | Oct 1, 2023 | ATO
The Commissioner has flagged a return to firmer debt collection actions after easing activities in the aftermath of COVID-19. With less than 6 months left in his tenure as the Commissioner of Taxation, Chris Jordan has unapologetically flagged the ATO’s shift to...
by Team Garnet | Sep 14, 2023 | ATO, Small Business
After the recent release of a review, the MBR program has been scrapped by the government due to cost blowouts. The Modernising Business Registers (MBR) program was initiated by the previous government in 2019 with the aim of transforming the company, business and...
by Team Garnet | Sep 6, 2023 | ATO, Tax News, Tax Time
Taxpayers with uncomplicated financial affairs have been given the green light to lodge their tax returns by the ATO. Will you get a refund this year? With only a little more than a month into tax time, the ATO has given the green light for taxpayers with...
by Team Garnet | Aug 10, 2023 | ATO, Superannuation
The ATO has warned taxpayers against entering into an SMSF scheme which purports to allow individuals to purchase property using money from their superannuation. With the never-ending increase in Australian house prices, many desperate home buyers are often turning to...
by Team Garnet | Jul 27, 2023 | ATO, Tax News
Businesses who make payments to contractors may need to report these payments and lodge a Taxable payments annual report (TPAR). You will need to lodge a TPAR if your business made payments in the last financial year (ie the one ending 30 June 2023) to contractors...
by Team Garnet | Jul 20, 2023 | ATO, Tax News
From 1 July 2023, employers have the option to use appropriate alternative statutory evidentiary documents to satisfy FBT record-keeping requirements. Employers that provide certain fringe benefits to their employees can soon use appropriate alternative statutory...
