Tax Practitioners Board bans three agents who falsified records

Registration cancelled

In August, three tax practitioners had their registrations terminated for five years after breaching the Code of Professional Conduct. Their offences included failure to: act honestly and with integrity, having falsified supplier invoices and personal bank statements lodge a personal income tax return and quarterly activity statements by their respective due dates and pay a […]

Tax deductions now disallowed for non-compliant payments

tax

As of 1 July 2019, you can no longer claim a tax deduction for a worker payment if you failed to comply with PAYG withholding and reporting obligations. Payments can include: employee salary, wages, commissions, bonuses or allowances directors’ fees labour-hire arrangements contractor services (except supply of goods and real property) where no ABN was […]

You might be getting a call from the ABR

ABR phone call

There are almost 8 million active Australian Business Number (ABN) holders in Australia. Last month, the Australian Business Register (ABR) began contacting a randomly selected sample in order to measure the ABR’s data quality. If you’re contacted, you will be asked to confirm your business information and discuss your understanding, usage and experience of the […]