Fringe benefits tax (FBT) time is hereIf your client is an employer offering staff perks, get ready to lodge their FBT return. 27 Mar 2024 |
Changes to your pay as you go withholding cycleYour pay as you go (PAYG) withholding cycle may change from 1 July. 27 Mar 2024 |
Can you claim the small business skills and training boost?If you’re paying for your employees’ external training you could be eligible to claim the skills and training boost. 15 Mar 2024 |
Have your clients earned income for their personal efforts or skillsFind out if personal services income applies to your clients and how it works. 13 Mar 2024 |
Rental property data matchingFind out how the ATO data matching capabilities are increasing. 26 Feb 2024 |
Final call to take advantage of the lodgment penalty amnestyYour eligible small business clients have just over 2 weeks to get back on track with the lodgment penalty amnesty. Lodgments eligible for the amnesty will have failure to lodge penalties remitted, without the need to apply. Encourage your clients to get back on track before 31 December. 15 Dec 2023 |
Deny deductions for ATO interest chargesAfter 1 July 2025 taxpayers will no longer be able to claim for ATO interest charges. 14 Dec 2023 |
Updated guidance on R&D claimsNew taxpayer alerts on incorrect R&D claims that are attracting our attention. 14 Dec 2023 |
ATO pauses debt awareness campaignIn response to community feedback, the ATO has paused the awareness campaign around tax debts on hold. 28 Nov 2023 |
Do your clients have a holiday home?Deductions can only be claimed for expenses on holiday homes incurred for the purpose of producing rental income. 23 Nov 2023 |
SMSFs investing in propertyImportant rules to understand before considering buying property using your self-managed super fund. 22 Nov 2023 |
Unpaid present entitlements – Appealing the Bendel AAT decisionThe ATO is appealing a decision made about unpaid present entitlements and whether Division 7A applies. Read their interim decision impact statement and understand the next steps for you and your clients. 21 Nov 2023 |
Help your clients get GST right at settlementGST at settlement may apply when buying or selling new residential premises or potential residential land. 21 Nov 2023 |
Small business directors may benefit from the lodgment penalty amnestyYour eligible small business clients have until 31 December to benefit from the lodgment penalty amnesty. Directors that take advantage of the amnesty to bring their company’s lodgments up to date will have any failure to lodge penalties remitted if they’re reliant on those company lodgments to finalise their personal tax obligations. This applies to eligible lodgments made between 1 June and 31 December. 17 Nov 2023 |
Updated ato.gov.au: sneak peekPreview the ATO updated website before it replaces our current platform in December. 9 Nov 2023 |
Don’t wait! ATO lodgment penalty amnesty is endingWe’re remitting failure to lodge penalties for eligible small businesses. Lodge your overdue returns by 31 December. 9 Nov 2023 |
Non-arm’s length income changes for super fundsThe government has announced changes to the non-arm’s length income provisions applying to superannuation funds. 25 Oct 2023 |
Add new income tax clients before 31 OctoberYou need to add new clients to your client list before 31 October to ensure they receive the tax agent lodgment program due dates. You don’t need to request deferrals after adding them as it can take up to 3 weeks for due dates to update on your client list. 19 Oct 2023 |
Taskforce action on electronic sales suppression toolsHow the Serious Financial Crime Taskforce (SFCT) is warning against electronic sales suppression tools (ESSTs). 26 Sep 2023 |
The only way to request lodgment deferralsThe lodgment deferral function in Online services for agents is now the only way to request lodgment deferrals. 25 Sep 2023 |
The ATO is expanding client-to-agent linking to more businessesThe ATO is further strengthening the security of their online services by adding an extra control into the process before you can link to new clients or change authorisations for existing clients. From 13 November, client-to-agent linking will apply to all types of businesses with an ABN, excluding sole traders. Find out more as they support you and your clients through this change. 15 Sep 2023 |
Check your client’s family circumstancesAsk your client about their family circumstances before completing their tax return. 15 Sep 2023 |
ATO firm on deadline for contractor reportingThe Taxable payments reporting system is helping the ATO expose missing income and keeping things fair for businesses. 21 Aug 2023 |
Digital games tax offsetDigital games developers may be eligible to claim 30% of their total eligible expenses. 15 Aug 2023 |
Appointing an SMSF auditorFind out when you need to appoint an approved SMSF auditor. 8 Aug 2023 |
Second-hand depreciating assets and rental propertiesFind out if your clients can claim second-hand depreciating assets for their residential rental property. 21 Jul 2023 |
Reporting your sharing economy incomeIf your clients earned income through sharing economy activity, remember to include it in their tax return or activity statement. 14 Jul 2023 |
Claiming GST credits for employee expense reimbursementsFind out when GST registered businesses can (and can’t) claim GST credits for employee expense reimbursements. 14 Jul 2023 |
Get ready for your TPARCheck if you need to lodge a taxable payments annual report for payments made to contractors for certain services. 12 Jul 2023 |
Tax Time 2023 videos for the tax professionJoin Senior Director Felix Manero and Assistant Commissioner Tim Loh for our Tax Time 2023 short videos series, highlighting key information and changes for tax professionals. 10 Jul 2023 |
Overview of key changesBe aware of key changes and new measures when completing your clients’ 2023 tax returns. 28 Jun 2023 |
SMSFs and property development projectsThe ATO has issued a Taxpayer Alert about arrangements involving SMSFs and property development projects. 16 Jun 2023 |
Rental property data matchingFind out about the latest on data matching and the protocols that have just been released. 13 Jun 2023 |
ATO PAYG withholding pre-fill for activity statementsFrom July 2023, the ATO will use your STP reports to help prepare your electronic activity statements in ATO online services. 13 Jun 2023 |
ATO expands data matching to ensure fair playThe ATO continues to expand its data-matching to ensure taxpayers don’t leave out income or inflate deductions. 13 Jun 2023 |
Small businesses given unique opportunity to get back on track with taxThe ATO encourages small businesses to lodge overdue returns and take advantage of the new penalty amnesty. 7 Jun 2023 |
Proportional indexation of transfer balance capsProportional indexation will occur on personal transfer balance caps. 7 Jun 2023 |
Changes to minimum annual payments for super income streamsFrom 1 July 2023, the 50% reduction in the minimum pension drawdown rate will no longer apply. 29 May 2023 |
ATO app helps clients come preparedFind out how the ATO app can support conversations with your clients and save you time by helping your clients be prepared when it’s time to lodge. 26 May 2023 |
Do you have late lodgments?Learn how the small business lodgment penalty amnesty program can help you get your late lodgments back on track. 19 May 2023 |
How often you pay super to employees is changingFrom 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. 18 May 2023 |
Is your trust really a managed investment trust?It’s important to know what kind of trust you have, before you lodge your tax return. 17 May 2023 |
In the ATO’s sights this tax timeThe Australian Taxation Office (ATO) has today announced its 3 key focus areas for this Tax Time. 15 May 2023 |
Budget – ATO SummaryATO list of 2023-24 budget measures with proposed start dates and developments. 12 May 2023 |
Debts on holdThe ATO is writing to registered tax agents to provide them a list of their clients with debts on hold greater than $10 that may be affected by offsetting. When a debt is on hold, the ATO does not try to collect it, however any credits or refunds clients become entitled to are used to offset the debt. The ATO website (link above) provides instructions on how to view these transactions in ATO online services. The ATO is also writing to your clients if they expect them to have a credit or refund reduced by offsetting over the coming year. 11 May 2023 |
Small Business – Lodgment Penalty Amnesty ProgramThe government announced a lodgment penalty amnesty program for small businesses to encourage them to re-engage with the tax system and get their obligations up-to-date. 9 May 2023 |
Small Business Support – $20,000 instant asset write-offThe Australian Government announced for the 2023–24 income year it will temporarily increase the instant asset write-off threshold from $1,000 to $20,000. 9 May 2023 |
Applying for a lodgment deferralHow to apply for a lodgment deferral and what happens next. 9 May 2023 |
Trustee resolutionsIn the lead up to 30 June it’s important that trustees ensure their resolutions are effective and are managed accordingly. 8 May 2023 |
Did your member exceed their non-concessional contribution cap?If your member receives an ENCC determination, you must action the release authority before releasing money. 4 May 2023 |
Small business energy incentiveSmall businesses may receive an additional 20% deduction for electrification and efficient use of energy in 2023–24. 2 May 2023 |
Payday superannuationFrom 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. 2 May 2023 |
New lodgment deferral function is here!The new lodgment deferral function is now available in Online service for agents. You can access it under the Reports and forms menu. 26 April 2023 |
Family Trust Distribution TaxIn the lead up to 30 June it is timely to consider Family trust distribution tax (FTDT) and how it might impact your clients. 26 April 2023 |
Moving to quarterly transfer balance reportingFrom 1 July 2023, all SMSFs must lodge quarterly TBARs when certain events occur. 12 April 2023 |
Does your company have an overdue debt?How to pay an overdue debt and avoid a director penalty notice. 5 April 2023 |
Correct process for requesting copies of tax documentsCorrect process for requesting copies of tax documents If you submit a COTD request and include notification of deceased documents, it will be rejected as these certified documents cannot be accepted via Online services for agents. 31 Mar 2023 |
Prepare for fringe benefits tax timeRequest an FBT client list, add new clients, and notify the ATO if your clients don’t need to lodge an FBT return. 28 Mar 2023 |
One month to go. New lodgment deferral function comingThe ATO are on schedule to launch the new lodgment deferral function in Online services for agents in late April. Make sure you have your permissions set up. 27 Mar 2023 |
Overdue TPAR – penalties may applyFailure to lodge penalties will be applied to some clients who have not lodged their TPAR on time. 13 Mar 2023 |
New changes to home-based business expensesKeep all records if you want to use the revised fixed rate method. 10 Mar 2023 |
Don’t get caught out! Use Reported transactions in ATO onlineDid you know you can use the Reported transactions function in Online services for agents to check for electronic payments that your clients receive? The ATO recently showed an agent how to do this simple check. They found significant amounts of unreported income that their client hadn’t disclosed. They can now use this function to help ensure their clients’ lodgments are correctly reporting all income. You can find instructions at Online services for agents user guide. 2 Mar 2023 |
Working from home deduction changes for 2022–23The changes to the fixed rate method have now been finalised. Find out more about the changes, and the records that your clients need to keep. 16 Feb 2023 |
Is your point of sale system on the level?Electronic sales suppression tools make things unfair for businesses doing the right thing. 14 Feb 2023 |
Interposed companies used to avoid tax under reviewThe ATO is reviewing arrangements using interposed companies to access private company profits without additional tax. 14 Feb 2023 |
Do your clients have a holiday home?Your clients can only claim deductions to the extent their holiday home expenses are incurred for the purpose of producing rental income. 7 Feb 2023 |
Removing the self-education expenses thresholdFrom 1 July 2022, the requirement to exclude the first $250 of certain self-education expenses has been removed. This change applies from the 2022–23 income year onwards. 15 Dec 2022 |
ATO executes raids across the country as part of crackdown on dodgy sales suppression technologyOperation Flutter has swooped into action in a national crackdown on businesses suspected of supplying and using illegal electronic sales suppression tools (ESST) or software to avoid paying tax. 10 Dec 2022 |
New client-to-agent linking in online servicesUnderstand the client-to-agent linking process in online services and access support material for you and your clients. 5 Dec 2022 |
New agent nomination process for businessesHow to authorise an agent in Online services for business as part of the agent nomination process. 5 Dec 2022 |
Statement from ABRS Registrar Chris Jordan on the director ID deadlineThe Registrar of the Australian Business Registry Services (ABRS) Chris Jordan has confirmed that the ABRS will apply a pragmatic compliance approach to directors who are required to apply for a director ID by 30 November 2022, if they apply by 14 December 2022. 30 Nov 2022 |
Director ID – Time is running outDirectors of Australian companies have until 30 November to apply for a director ID. Don’t wait, apply online today. 21 Oct 2022 |
Support for your practiceSupport is available to help you and your practice manage events that may affect your ability to manage your clients’ tax obligations. 10 Oct 2022 |
Draft tax determination on the use of an individual’s fameArrangements where an individual with fame establishes and enters an agreement with a related entity to use their fame. 5 Oct 2022 |
Lodge prior year tax returns to receive 2022 lodgment due datesLodge your clients’ prior year tax returns by 31 October 2022 so they receive your normal lodgment program due date for their 2022 tax return. After their prior year tax returns are lodged it can take up to 3 weeks for due dates to update in ATO systems. You don’t need to request a deferral in the meantime. 5 Oct 2022 |
Completing TFN declarations in ATO online servicesDid you know your payees can provide their tax information for lump sum and income stream payments using the New employment form in ATO online services? 3 Oct 2022 |
Copies of tax documents requestMost requests for copies of tax documents can be made using ATO online services if you have the required authority. 20 Aug 2022 |
Taking the cryptic out of crypto this tax timeThe Australian Taxation Office (ATO) wants taxpayers with crypto assets to make sure they know their obligations so they can lodge right the first time this tax time. 13 Jul 2022 |
Wash sales: The ATO is cleaning up dirty laundryThe Australian Taxation Office (ATO) is warning taxpayers to not engage in ‘asset wash sales’ this tax time. 27 Jun 2022 |
Client to agent linking in online servicesThe client to agent linking process is being updated to reduce the risk of unauthorised access to taxpayers’ online accounts. In a phased approach, businesses will nominate a tax agent to act on their behalf using Online services for business. The agent can then link that client in Online services for agents or their practice software. Phase 1 impacts a small number of large public and multinational taxpayers. The ATO has contacted agents directly if their clients are included in this phase. Find out more about the implementation of this change and how it impacts you and your clients. 9 Jun 2022 |
Why your on-time lodgement performance result may go downYour income tax on-time lodgment performance may change in Online services for agents after 15 May. Find out why by checking our On-time lodgment performance frequently asked questions. 24 May 2022 |
Delays in processing super ENCCThe ATO is contacting super funds to release excess contributions and associated earnings for clients who did not nominate the tax treatment of their excess non-concessional contributions (ENCC) for 2020 and prior years. Your client may receive an amended Notice of Assessment that includes the associated earnings on the excess contributions. 17 May 2022 |
TPAR non-lodgment adviceFrom 1 July 2022, if your clients are not required to complete a Taxable payments annual report (TPAR), let the ATO know by submitting a Non-lodgment advice (NLA) in Online services for agents. The TPAR NLA web form will be unavailable after 30 June 2022. 17 May 2022 |
Four priorities for the ATO this tax timeThe Australian Taxation Office (ATO) has announced four key focus areas for Tax Time 2022. 16 May 2022 |
Debts on holdNon-pursued debt is a debt the ATO have placed on hold. It’s not visible on your account balance but remains payable, any credits will be offset against it. . 14 Apr 2022 |
New guidelines aim to combat cybercrimeThe Australian Taxation Office (ATO) and the Tax Practitioners Board (TPB) have developed new guidelines on client identity verification which will help improve security to stop criminals from committing tax fraud. 8 Feb 2022 |
Stapled super funds for employersAs of 1 November 2021, most employers will need to request stapled super fund details from the ATO for new employees that don’t choose a super fund. 15 Dec 2021 |