Tag Archives: ATO

ATO jumping gun on early debt recovery – Ombudsman

The ATO is issuing garnishee notices while tax disputes are still before the Administrative Appeals Tribunal, says a new report. The report on early debt recovery action by the Australian Taxation Office (ATO) comes from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). ‘Severe’ impact In response, Ombudsman Kate …

Read More »

Government’s phoenix rules have ‘no chance’ of succeeding

An expert in insolvency law has written off the federal government’s new reform package aimed at ‘phoenix’ activity among businesses. ‘Phoenixing’ refers to the transferring the assets of a failed company to another company that has no liabilities. The government says its reforms will “deter and disrupt the core behaviours …

Read More »

Single touch payroll to kick off next month

From next month many employers will start reporting to the ATO in real time from their payroll software each time they pay their employees. Known as single touch payroll (STP), the new system means employers will send tax and super information to the ATO electronically when they run their payroll. …

Read More »

B2Bpay solution ‘rewards businesses’ at tax time

Business owners can now look forward to paying their BAS, according to Zenith Payments, with a new online payment platform, B2Bpay, that offers full credit-card points and Qantas frequent-flyer points on all payments made to the Australian Taxation Office. B2Bpay, powered by Zenith, is promoted as an innovative solution that …

Read More »

Ombudsman calls for small businesses in trouble with ATO to “contact us”

Small-business owners are advised to urgently contact the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell if they have experienced heavy-handed tactics from the Australian Taxation Office (ATO). “Minister for Revenue and Financial Services Kelly O’Dwyer has requested an inquiry into the allegations raised in the joint Fairfax/Four …

Read More »

Calls to investigate ATO after cash-grab allegations

Federal Financial Services Minister Kelly O’Dwyer has launched an investigation into the Australian Tax Office (ATO) following reports of vulnerable small businesses and individuals being targeted to help meet revenue goals. A joint investigation by ABC-TV’s Four Corners program and Fairfax Media has revealed unethical tactics, including an ‘hour of power’ …

Read More »

Employers reminded to prepare for Single Touch Payroll

The Australian Taxation Office has asked employers with 20 or more employees to count staff numbers in the lead-up to Single Touch Payroll (STP) beginning on July 1. ATO Assistant Commissioner John Shepherd says employers with close to 20 employees will need a headcount to determine whether they need to …

Read More »

Australian SMEs have say in policy making

A Small Business Association of Australia (SBAA) summit this week aimed to provide a framework for a fairer, level playing field for Australian SMEs, with those attending given the opportunity for input in the blueprint for policy-making for SMEs. The summit (May 30-31) at the Southern Cross University’s Gold Coast …

Read More »