ATO Plans to Continue Their Focus on Late Lodgements In 2022

ATO Plans to Continue Their Focus on Late Lodgements In 2022

The Australian Tax Office (ATO) has announced that late lodgements will continue to be placed under heavy scrutiny during 2022. According to an SMSF auditor the ATO still looking to see further improvement in this area. In February 2021, the ATO established a new...
Important Information About Crypto Tax In Australia

Important Information About Crypto Tax In Australia

In 2021, the popularity of cryptocurrency rose significantly and consequently became more trusted by the general public. In November 2021, the Commonwealth Bank announced its intentions to allow customers to buy and trade crypto via their banking app. Despite crypto...
Important Information About Crypto Tax In Australia

What Is The ATO Doing To Tax Cryptocurrency?

The (ATO) Australian Tax Office has estimated that somewhere between 50,000 and one million Australians have currently invested in crypto related assets. Many of these individuals have failed, or will fail, to properly report the profits they have made for tax...
Work From Home Shortcut Method Extended By ATO

Work From Home Shortcut Method Extended By ATO

As a result of the ongoing covid-19 pandemic and the disruption it has caused Australian taxpayers, the Australian Tax Office (ATO) has confirmed that the work from home shortcut method will be extended until the end of June 2022.  The work from home shortcut...