Taxation Law Blogs
The ATO can impose various penalties on taxpayers for non-compliance, such as failing to lodge documents on time. However, under the Taxation Administration Act 1958, taxpayers can
Tax avoidance (sometimes referred to as tax minimisation) and tax evasion are two very different things in the world of tax and these terms are often confused.
Fortunately, there are no inheritance taxes in Australia, however that does not mean that there are no tax implications if a deceased estate continues to earn an income after
Generally, Capital Gains Tax (CGT) does not apply when you inherit an asset from a deceased estate. However, CGT may be applicable if you sell an inherited asset.
A Director Penalty Notice (DPN) represents a formal notification directed at a company director, issued by the Australian Tax Office (ATO). As a result of a DPN, a director may
The word ‘audit’ can send chills down the spine of small and medium-sized business (‘SMBs’) owners. But why do ATO audits happen? Is there anything you can do to avoid them?
Significant regulatory changes are now in effect for non-charitable not-for-profits (NFPs) in Australia, requiring those with an active ABN to lodge an annual self-review return to maintain
So, you’ve received a letter from the Australian Taxation Office. The letter will usually be a request for you to provide the Tax Office with information, a request to furnish a document
One of the more severe methods applied by the Australian Tax Office, a Garnishee Order, is a tool that allows the ATO to seize money directly from a person or business that holds money on