The Australian Taxation Office (ATO) has identified, and is taking strong action, to respond to significant fraud involving participants inventing fake businesses to claim false refunds. The ATO is warning the community not to engage with this fraud and...
8 November 2021 From 1 November 2021, if you employ new staff and they don’t choose a super fund, you may need to request their existing super account (‘stapled super fund’) details from ATO. A stapled super fund is an...
The Australian Government has announced the introduction of a new mandatory Director Identification Number (DIN/director ID) as part of the Modernising Business Registry (MBR) Program. The roll-out will start from November 2021. The DIN will provide accountability and traceability...
The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the holdings are cashed back into Australian dollars. ATO data analysis shows a dramatic increase in trading since the beginning of...