Tag: tax compliance

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Blog, Small Business, Tax

No more dodging tax: New share economy reporting rule set to begin

The individuals who participate in the share economy such as Uber, Deliveroo & Airbnb will no longer be able to escape their tax obligations as the government determines the implementation of a legislation for a new compulsory reporting regime.

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The Tax Handling of Cryptocurrencies in Australia

Cryptocurrency has been the term on everyone’s mind lately, the ATO is figuring out how to be sure that investors and traders aren’t dodging their taxation responsibilities.

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Small Business, Tax

Penalties will recommence: ATO restarting debt recovery action

Taxpayers defaulting on tax debts and lodgement requirements can soon expect contact from the ATO as it confirms the recommencement of its compliance actions in the wake of JobKeeper concluding.

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Small Business, Tax

ATO chases $172bn in undeclared contractor income

The ATO has urged businesses to come clean on $172 billion worth of payments to contractors as it gets tough on non-compliance with the taxable payments reporting system.

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