by Wen Wen | Aug 13, 2019 | ATO Updates
Director penalty notices for GST will take effect on October 2019 The strengthening of the director penalty regime has been reported here before — for instance, having director penalty notices (DPNs) extended to superannuation guarantee obligations from 1 March 2019....
by Wen Wen | Jul 23, 2019 | ATO Updates
The new test allows businesses to access the prior year losses In the first quarter of this calendar year, legislation was passed that will supplement the ATO’s current “same business test” for losses with a more flexible “similar business test”. The new test will...
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...
