Australia
More funding to the ATO: Prepare for increased ATO audit activity

By Danielle Constantine on 01/06/18 - Mins to read: 4 minutes

After two years of heavy spending amid the pandemic and no tax rate increases in sight, how will the government boost revenue and balance its budget? This is an important question to consider, regardless of the party (or parties) that may be successful on election day. What we do know...
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Thousands of Director Penalty Notices issued in ATO debt collection activities

By Michael Brereton on 01/06/18 - Mins to read: 4 minutes

Following a relatively quiet period during the COVID-19 pandemic, the Australian Taxation Office (ATO) has resumed its debt collection activities. This includes issuing warnings to thousands of company directors to actively manage their business debt, or face ATO action. The ATO’s activities include disclosing debts to credit bureaus, and (where...
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Are you considering starting in private practice?

By Julie O'Reilly on 01/06/18 - Mins to read: 4 minutes

We understand that starting in private practice can be daunting, so we’ve put together a list of key tax and accounting fundamentals that will help you with a smooth transition into contracting work. Structuring To commence work in private practice, it can be as simple as registering an ABN in...
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Are you ready to apply for your Director Identification Number?

By Scott Harrington on 01/06/18 - Mins to read: 4 minutes

Effective 1 November 2021, all directors of registered bodies are required to obtain a Director Identification Number (DIN). A DIN is a unique identifier that has been introduced as a means of addressing phoenixing arrangements, to help reduce fraud and fictitious behaviours and to enable tracking of directors and their...
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