by Wen Wen | May 21, 2019 | ATO Updates
Company directors have many legal and financial obligations Being a director of a company brings added responsibilities and duties. Company directors need to keep in mind that the Corporations Act holds directors personally liable for many of the legal and financial...
![ATO’s New Cryptocurrency Data Matching [For Tax Compliance]](https://www.wwenandco.com.au/wp-content/uploads/atos-new-cryptocurrency-data-matching-program.jpg)
by Wen Wen | May 14, 2019 | ATO Updates
ATO receives cryptocurrency data The Australian Taxation Office (ATO) is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading in cryptocurrency are paying the right...
by Wen Wen | Feb 28, 2019 | ATO Updates
Managing tax disputes can be like wrestling with a superhero It is sometimes said that a superhero like the DC Comics character Superman can be an uninteresting character because he is, for all practical purposes, indestructible. Critics have said the knowledge that...
by Wen Wen | Feb 28, 2019 | ATO Updates, Self Managed Super & Retirement
Arrangements on personal services income diverted to SMSFs The ATO has announced that it is reviewing arrangements where members of an SMSF (typically at, or approaching, retirement age) purport to divert income earned from their personal services to their fund, which...
by Wen Wen | Jan 21, 2019 | ATO Updates
Consumers compensated by financial firms need to consider tax consequences Impact of Financial Services Royal Commission With the ongoing financial services Royal Commission, and likely future cases brought before various courts for compensation — or indeed the...
by Wen Wen | Dec 17, 2018 | ATO Updates
Be aware of the “taxpayer alert” Have you ever read or heard about a “taxpayer alert” being issued by the ATO? Taxpayer alerts are the ATO’s “early warning” signals to the public about a certain area of concern; it could be about fraudulent schemes, or dodgy...
