ATO to Focus on $20bn Debt

ATO to Focus on $20bn Debt

Posted on June 29, 2015 by ATB Chartered Accountants

In his April speech, the Commissioner discussed debt management needs of the ATO, stating that while a large majority of taxpayers meet their obligations in time, there are also a number who don’t and this causes a strain on the ATO.

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ATO's Audit Budget

ATO’s Audit Budget

Posted on June 27, 2015 by ATB Chartered Accountants

In April 2015, the ATO set up a new page on their website, ‘Building confidence’, which discusses compliance activities, as well as the amounts of tax and penalties which were collected in the previous year.

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Eligibility for Net Medical Expenses Tax Offset

Eligibility for Net Medical Expenses Tax Offset

Posted on June 22, 2015 by ATB Chartered Accountants

Practitioners have been reminded that the net medical expenses tax offset is being phased out.

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