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Category: ATO update

05 May 2022 - GAP Accountants

The High Court has rejected a taxpayer’s attempt to disclaim an interest in trust income that arose as …

11 March 2022 - GAP Accountants

Low and Middle Income Tax Offset

A measure that will no doubt be beneficial for individual taxpayers is the …

06 March 2022 - GAP Accountants

As announced in the 2020/2021 Federal Budget, legislation has now passed to allow eligible corporate entities (i.e., with, …

03 March 2022 - GAP Accountants

After much speculation, the Government announced that COVID-19 tests, including Polymerase Chain Reaction (‘PCR’) and Rapid Antigen Tests …

06 February 2022 - Leslie Clark

The Government has recently extended the SME Recovery Loan Scheme by a further six months (to 30 June …

09 December 2021 - GAP Accountants

The ATO has advised it will acquire Medicare Exemption Statement (‘MES’) data relating to approximately 100,000 individuals from …

08 December 2021 - GAP Accountants

The ATO has issued a reminder to businesses that paying regular attention to their record-keeping and reporting tasks …

07 December 2021 - GAP Accountants

Scamwatch is warning that scams cost Australian consumers, businesses and the economy hundreds of millions of dollars each …

06 December 2021 - GAP Accountants

The High Court has held that the ‘working holiday maker tax’ (also known as the ‘backpackers tax’) did …

03 December 2021 - GAP Accountants

The ATO is reviewing Australian business numbers (‘ABNs’) to identify potentially inactive ABNs for cancellation, and it has …

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