Member Resources



Saturday, 23 September 2017

The Australian Tax Office has hit back at criticism of the Single Touch Payroll arrangements from small business groups and industry superannuation funds

The ATO took the unusual step of issuing a detailed statement rejecting a number of claims by the Council of Small Business and the industry superannuation funds organisation Industry Super about the Government’s changes implementing Single Touch Payroll for smaller businesses and tightening up on Superannuation Guarantee compliance.

The Australian Tax Office has announced that from early 2018 the Small Business Superannuation Clearing House will be made more easily accessible, with BAS Agents able to access it through the BAS Agent portal.

The Tax Practitioners Board has updated its requirements for BAS Agents making changes to the business structure of their BAS agent practice.

The Government has started consultation on ways to modernise business registration arrangements to make it simpler for business.

Among the changes under consideration is the merger of more than 30 different Government business registers.

Legislation has passed Federal Parliament greatly increasing penalties for employers who underpay employees.

The Fair Work Amendment (Protecting Vulnerable Workers) Bill 2017 increases penalties for systematic underpayment of employees ten-fold and doubles penalties for record-keeping and payslip breaches.

Treasurer Scott Morrison has released an Issues Paper, prepared by the Open Banking Review seeking feedback on the best approach for implementing an Open Banking framework for Australian customers.

The Government’s Black Economy Taskforce has published a paper listing dozens of possible policy changes designed to crack down on the ‘black economy’ including measures to reduce identity theft, abuse of ABNs and industry-specific illegal behaviour.


Wednesday, 23 August 2017

The Australian Tax Office (ATO) has revealed 10 previously unreported IT outages in 2017 in information provided to a Senate committee. However the outages appear not to have been reported on the ATO’s usual online systems updates pages.

Media reports say the outages have led to a new round of protests from tax professionals and calls for compensation.


Wednesday, 23 August 2017

The Australian Tax Office (ATO) has announced because of its IT outages and consequent difficulties experienced by tax professionals and their clients, the deadline for lodging the Early Stage Innovation Company (ESIC) form has been extended to 31 August 2017.

ESIC qualifying companies were originally due to report their 2016-17 results by 31 July 2017.

Building and construction industry Taxable Payments Annual Reports for 2016-17 are due to be lodged with the Australian tax Office (ATO) by 28 August 2017.

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