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Government updates - Tax with Integrity

Category Archive for: ‘Government updates’

Online Selling Data Matching

The ATO will request and collect, from eBay Australia & New Zealand Pty Ltd (a subsidiary of eBay International AG, which owns and operates www.ebay.com.au), online selling data relating to between 15,000 and 25,000 individuals that sold goods and services of a total value of $10,000 or more for the period from 1 July 2013 to 30 June 2014. This …

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No to Vaccinate – No Government Benefits

The government has announced that it will end the one religious exemption on children’s vaccinations for access to the taxpayer-funded Child Care Benefit, Child Care Rebate and the Family Tax Benefit Part A end of year supplement from 1 January 2016. Editor:  Apparently the only religious organisation with an approved vaccination exemption, the Church of Christ, Scientist, is not advising …

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Time Limits for Family Assistance Payments

The ATO has reminded practitioners with clients who want to claim family assistance payments for the 2014 financial year that they must lodge a claim with the Department of Human Services (Centrelink) by 30 June 2015 to be eligible.  The deadline applies to clients who intend to lodge a claim for: Family Tax Benefit Child Care Benefit Single Income Family …

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Are your contractors really employees?

Are your contractors really employees? The ATO continues to enjoy a high success rate challenging the treatment of contractors under the superannuation guarantee (SG) legislation.  Despite recent comments made by the Government that the ATO should ‘relax’ its approach to contractors, the ATO has no reason to simply walk away from such a potentially lucrative revenue stream – why would …

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The push for change; impact for business

The push for change; impact for business The Senate composition changed on 1 July and with it, the Government’s opportunity to push for change through its reform agenda.  The reintroduced repeal Bills for the Carbon Tax and Mining Tax have already passed the House of Representatives with high expectations of being passed by the new Senate when it sits on …

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Superannuation – Government Announcements

Government Announcements re Superannuation The Government announced that it would proceed with four of the proposed measures in relation to superannuation.  They are;- Superannuation reforms – transfer of lost member accounts to the ATO.  Increases the threshold below which lost accounts are required to be transferred to the ATO from $2,000 to $4,000, and then to $6,000.  This measure is …

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Hands off our Superannuation!

As the government has belatedly identified a budget shortfall along with the failure of the mining tax to raise any real revenue, the $1.5 trillion superannuation industry has become a convenient target  to raise additional revenue from. Notwithstanding the recent announcement on increasing the tax rate for certain individuals, there is continuing media speculation that the fiddling with superannuation by …

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Data Matching – Motor Vehicles – ATO ramping up the monitoring of taxpayers

The Tax Office announced a motor vehicle data matching program that is aimed at identifying all vehicles sold, transferred or newly registered in 2011-12 and 2012-2013 where the transfer or market value is $10,000 or greater.  This will; Identify taxpayers whose expenditure is in excess of their reported income Identify businesses that sell vehicles and do not report, or under-report …

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Data Matching – Pensioners or other benefit receivers! ATO ramping up the monitoring of taxpayers

If you are receiving a tax free government pension or other similar benefit, the Tax Office is sharing data with agencies such as the Department of Veterans’ Affairs, the Department of Human Services and Centrelink in order to see whether some benefits and tax offsets are being incorrectly claimed. (source:  The Taxpayer March 2013) At Tax with Integrity, tax law …

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Data Matching – Businesses beware! ATO ramping up the monitoring of taxpayers

A series of data matching initiatives by the ATO will provide them with information that could reveal businesses that are failing to pay the right amount of tax.  The ATO recently announced that a credit and debit card data matching program would match sales made by taxpayers against the taxpayer’s records to identify risk of the taxpayer under-reporting or omitting …

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Tax Reform Measures (Household Assistance Package)

The Tax Reform Measures (Household Assistance Package). Some taxpayers will benefit from the tax reforms that were implemented as part of HAP. Australians with incomes of less than $80,000 may receive a tax cut, depending on their specific circumstances. A summary of the changes are provided below. These changes will not affect the way a taxpayer completes their 2011/12 tax …

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Household Assistance Package (HAP)

Household Assistance Package (HAP) The Clean Energy (Carbon Tax) Compensation Payments. This is the name given to the much talked about compensation package relating to the Labour Government’s Carbon Tax policy. It includes; An initial payment – called the Clean Energy Advance Increase to regular payments – the Clean Energy Supplement Additional support to low income earners – the Low …

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