Tag: ATO
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ATO mental health support for small business
The ATO has said that it is committed to helping to address the issue of mental health for small businesses. Deputy Commissioner Deborah Jenkins has attended the Small Business Mental Health roundtable chaired by Senator Michaelia Cash, Minister for Small and Family Business, Skills and Vocational Education at Parliament House. Ms Jenkins said that the…
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ATO official faces charges over $165 million fraud case
A senior official at the Australian Tax Office (ATO) is facing charges in relation to a major fraud investigation involving his son, in which it is alleged that $165 million was stolen from the Commonwealth. Deputy Tax Commissioner Michael Cranston was issued with a court summons following the arrest of his son, Adam Cranston, in Sydney yesterday.…
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Chevron loses appeal against ATO
US energy giant Chevron is now facing one of the largest tax bills in Australian history after it lost its appeal against the Australian Tax Office (ATO). In a unanimous decision, three Federal Court judges dismissed the appeal, which was originally launched in December last year. The decision involves Chevron underpaying tax in the years…
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Rio Tinto hit with $447 million tax bill
Mining giant Rio Tinto has been hit with a $447 million tax bill by the Australian Tax Office (ATO). The London based company released a statement last night which revealed that they had been hit with the massive expense. “The Australian Commissioner of Taxation has issued amended income tax assessments to Rio Tinto for the…
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ATO targeting the cash in hand economy
The Australian Tax Office (ATO) is cracking down on the cash in hand economy that generates up to $15 million in turnover each year. Currently, 1.6 million businesses that operate with cash only, including hairdressers, cafes and trade persons. Assistant Commissioner Tom Wheeler has said that the measure is not targeting any particular business. “We know that the majority…
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Medibank customers delayed in processing tax returns
It’s that time of year again when Australians get their tax returns ready to lodge to the Australian Taxation Office (ATO) but for Medibank customers that may be a while longer. Australia’s leading health insurance provider has reportedly been stopped in its tracks after a technical failure regarding customer data migration. Over four million Australians will be…
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Claiming Tax deductions correctly to the ATO
It’s that time of year again when people will be claiming usage on mobile phones, for petrol, work related travel expenses etc. In the past, there have been claims inappropriately added for ATO. Many have claimed broadband, phone and travel usage when it was in fact for personal use only. Most claim 90% as work related…